Bridgewater Associates LP Grows Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Bridgewater Associates LP lifted its stake in Toll Brothers, Inc. (NYSE:TOL) by 51.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,527 shares of the construction company’s stock after purchasing an additional 55,629 shares during the quarter. Bridgewater Associates LP owned about 0.16% of Toll Brothers worth $25,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TOL. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers in the third quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at about $27,000. Larson Financial Group LLC grew its stake in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers during the second quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. This trade represents a 60.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. This represents a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,673 shares of company stock worth $19,684,387 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TOL. Wells Fargo & Company boosted their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Royal Bank of Canada lifted their target price on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Stock Up 0.4 %

NYSE TOL opened at $164.80 on Thursday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $169.52. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.26 and a beta of 1.68. The company has a fifty day moving average of $152.99 and a two-hundred day moving average of $137.05.

Toll Brothers Dividend Announcement

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

Toll Brothers Profile

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.