Toll Brothers Inc. $TOL Shares Sold by Investment House LLC

Key Points

• Investment House LLC cut its Toll Brothers position by 45.3% in the third quarter, selling 8,873 shares and retaining 10,708 shares valued at approximately $1.44 million. Institutional investors collectively own 91.76% of the company.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $166.67, despite Barclays and Citigroup recently lowering their targets.
• Toll Brothers shares opened at $140.82 after a reported 4.3% gain. The company exceeded quarterly earnings and revenue expectations, though revenue declined 9.7% year over year, and it declared a quarterly dividend of $0.26 per share.

Investment House LLC decreased its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,708 shares of the construction company's stock after selling 8,873 shares during the quarter. Investment House LLC's holdings in Toll Brothers were worth $1,443,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased its position in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock worth $26,000 after buying an additional 74 shares during the period. Continuum Advisory LLC acquired a new position in Toll Brothers in the second quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Toll Brothers during the second quarter valued at $35,000. Compass Financial Management LLC bought a new stake in Toll Brothers during the second quarter valued at $51,000. Finally, Fiduciary Financial Advisors bought a new stake in Toll Brothers during the second quarter valued at $53,000. Institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TOL. Barclays lowered their price objective on Toll Brothers from $122.00 to $118.00 and set an "underweight" rating for the company in a research report on Tuesday, October 6th. Citigroup cut their target price on Toll Brothers from $179.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, October 15th. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $161.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Stonex Financia raised shares of Toll Brothers to a "strong-buy" rating in a research report on Thursday, October 15th. Finally, UBS Group lifted their price objective on shares of Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $166.67.

Toll Brothers Stock Up 4.3%

TOL stock opened at $140.82 on Friday. The stock's 50 day simple moving average is $138.28 and its 200 day simple moving average is $143.06. The company has a market cap of $12.98 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the firm earned $3.73 earnings per share. Toll Brothers's revenue for the quarter was down 9.7% on a year-over-year basis. On average, research analysts expect that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 9th. Toll Brothers's dividend payout ratio (DPR) is 8.35%.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the transaction, the director directly owned 12,642 shares in the company, valued at $1,719,185.58. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.37% of the company's stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.

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