Hancock Whitney Corp Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Hancock Whitney Corp purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,879 shares of the construction company’s stock, valued at approximately $908,000.

Several other institutional investors have also recently bought and sold shares of the business. TCW Group Inc. raised its holdings in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after buying an additional 16,503 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Avior Wealth Management LLC raised its position in Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Toll Brothers by 62,605.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after buying an additional 10,643 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Toll Brothers by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock valued at $7,319,000 after buying an additional 6,998 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the topic of several research reports. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Bank of America increased their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company lifted 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, Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Trading Down 2.2 %

NYSE TOL opened at $164.09 on Wednesday. Toll Brothers, Inc. has a 12 month low of $84.40 and a 12 month high of $169.52. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $152.69 and a 200-day moving average of $136.85. The company has a market cap of $16.57 billion, a PE ratio of 11.31, a PEG ratio of 1.26 and a beta of 1.68.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,673 shares of company stock worth $19,684,387 in the last ninety days. Insiders own 1.54% of the company’s stock.

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.