Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,234 shares of the construction company’s stock after acquiring an additional 25,465 shares during the period. Toll Brothers comprises approximately 2.2% of Basswood Capital Management L.L.C.’s holdings, making the stock its 14th largest holding. Basswood Capital Management L.L.C.’s holdings in Toll Brothers were worth $41,748,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Paloma Partners Management Co bought a new position in Toll Brothers in the 3rd quarter worth approximately $890,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Toll Brothers by 76.4% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,165 shares of the construction company’s stock worth $1,416,000 after acquiring an additional 3,969 shares during the period. Verition Fund Management LLC grew its stake in shares of Toll Brothers by 135.0% in the third quarter. Verition Fund Management LLC now owns 121,357 shares of the construction company’s stock worth $18,748,000 after purchasing an additional 69,710 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Toll Brothers by 5.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,298 shares of the construction company’s stock valued at $3,754,000 after purchasing an additional 1,347 shares during the period. Finally, De Lisle Partners LLP raised its stake in shares of Toll Brothers by 10.0% during the third quarter. De Lisle Partners LLP now owns 22,000 shares of the construction company’s stock valued at $3,398,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.3 %

TOL stock opened at $165.17 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm has a market capitalization of $16.68 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.24 and a beta of 1.68. Toll Brothers, Inc. has a 52-week low of $84.66 and a 52-week high of $169.52. The company’s 50 day simple moving average is $153.52 and its 200-day simple moving average is $137.60.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $16,435,800 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Oppenheimer raised their target price on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.