Toll Brothers Inc. $TOL Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP cut its stake in Toll Brothers Inc. (NYSE:TOL) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,176 shares of the construction company’s stock after selling 7,611 shares during the period. Lyell Wealth Management LP’s holdings in Toll Brothers were worth $13,229,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC bought a new position in Toll Brothers during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Toll Brothers in the 2nd quarter valued at $35,000. Next Level Wealth Planning LLC bought a new stake in shares of Toll Brothers in the 3rd quarter valued at $48,000. Compass Financial Management LLC bought a new stake in shares of Toll Brothers in the 2nd quarter valued at $51,000. Finally, Fiduciary Financial Advisors acquired a new stake in shares of Toll Brothers during the second quarter worth $53,000. 91.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Stephen East sold 800 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the transaction, the director owned 12,642 shares in the company, valued at $1,719,185.58. The trade was a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by insiders.

Toll Brothers Price Performance

Shares of TOL opened at $149.31 on Wednesday. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The business’s 50 day moving average price is $138.05 and its two-hundred day moving average price is $144.22. The firm has a market cap of $13.76 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.73 EPS. On average, equities analysts anticipate that Toll Brothers Inc. will post 12.80 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a $0.26 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s payout ratio is currently 8.35%.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of analyst reports. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Citigroup cut their price target on shares of Toll Brothers from $179.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Stonex Financia upgraded Toll Brothers to a “strong-buy” rating in a report on Thursday, October 15th. Finally, Evercore set a $184.00 price target on Toll Brothers in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $167.40.

About Toll Brothers

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.