Massachusetts Financial Services Co. MA Decreases Stake in Toll Brothers, Inc. (NYSE:TOL)

Massachusetts Financial Services Co. MA reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,883,886 shares of the construction company’s stock after selling 13,295 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Toll Brothers were worth $214,740,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. purchased a new position in Toll Brothers in the 3rd quarter valued at about $27,000. Samalin Investment Counsel LLC purchased a new position in Toll Brothers in the 2nd quarter valued at about $29,000. Herold Advisors Inc. purchased a new position in Toll Brothers in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its position in Toll Brothers by 30.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the construction company’s stock valued at $54,000 after buying an additional 220 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of Toll Brothers by 36.1% during the third quarter. Huntington National Bank now owns 1,215 shares of the construction company’s stock worth $67,000 after purchasing an additional 322 shares during the last quarter. 86.25% of the stock is owned by institutional investors.

TOL has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Toll Brothers from $70.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, September 27th. Bank of America initiated coverage on shares of Toll Brothers in a research report on Monday, November 8th. They set a “buy” rating and a $75.00 price target on the stock. Raymond James increased their price target on shares of Toll Brothers from $75.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, December 9th. Royal Bank of Canada reduced their price target on shares of Toll Brothers from $75.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Monday, January 10th. Finally, Barclays increased their price target on shares of Toll Brothers from $67.00 to $72.00 and gave the stock an “underweight” rating in a research report on Thursday, December 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.83.

In related news, Director Richard J. Braemer sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 9th. The shares were sold at an average price of $74.25, for a total transaction of $371,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 29th. The stock was sold at an average price of $72.13, for a total transaction of $1,803,250.00. The disclosure for this sale can be found here. Insiders have sold 78,500 shares of company stock worth $5,601,285 in the last quarter. Company insiders own 10.77% of the company’s stock.

Shares of NYSE:TOL opened at $66.44 on Friday. The firm’s 50 day moving average is $67.89 and its two-hundred day moving average is $62.15. Toll Brothers, Inc. has a 52 week low of $43.74 and a 52 week high of $75.61. The firm has a market capitalization of $8.00 billion, a P/E ratio of 9.98, a PEG ratio of 0.26 and a beta of 1.57. The company has a current ratio of 5.15, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, December 7th. The construction company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.48 by $0.54. Toll Brothers had a net margin of 9.48% and a return on equity of 16.49%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the business earned $1.55 earnings per share. Toll Brothers’s revenue was up 19.5% compared to the same quarter last year. Analysts predict that Toll Brothers, Inc. will post 9.7 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 21st. Investors of record on Friday, January 7th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, January 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.02%. Toll Brothers’s dividend payout ratio is presently 10.21%.

About Toll Brothers

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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