Sandy Spring Bank raised its position in Toll Brothers Inc (NYSE:TOL) by 100.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,000 shares of the construction company’s stock after purchasing an additional 1,000 shares during the period. Sandy Spring Bank’s holdings in Toll Brothers were worth $82,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Toll Brothers by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 12,386,966 shares of the construction company’s stock valued at $453,611,000 after buying an additional 205,283 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Toll Brothers by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,902,631 shares of the construction company’s stock worth $142,916,000 after purchasing an additional 100,111 shares during the last quarter. Boston Partners lifted its position in shares of Toll Brothers by 72.2% during the second quarter. Boston Partners now owns 3,826,466 shares of the construction company’s stock worth $140,118,000 after purchasing an additional 1,604,139 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Toll Brothers by 6.5% during the second quarter. AQR Capital Management LLC now owns 2,007,588 shares of the construction company’s stock worth $73,518,000 after purchasing an additional 122,093 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Toll Brothers by 4.2% during the second quarter. Prudential Financial Inc. now owns 1,740,693 shares of the construction company’s stock worth $63,744,000 after purchasing an additional 70,803 shares during the last quarter. 83.16% of the stock is owned by institutional investors.

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 46,875 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $38.30, for a total value of $1,795,312.50. Following the sale, the chief executive officer now owns 345,273 shares in the company, valued at $13,223,955.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Grubb sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $40.96, for a total transaction of $40,960.00. Following the completion of the sale, the chief accounting officer now owns 2,283 shares in the company, valued at approximately $93,511.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,008 shares of company stock worth $6,113,365. 9.69% of the stock is owned by company insiders.

Several equities analysts have recently commented on TOL shares. Seaport Global Securities started coverage on shares of Toll Brothers in a research report on Friday, August 23rd. They set a “neutral” rating on the stock. Bank of America set a $39.00 price target on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Susquehanna Bancshares cut shares of Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Monday, October 14th. SunTrust Banks started coverage on shares of Toll Brothers in a research report on Monday, August 12th. They set a “hold” rating and a $37.00 price target on the stock. Finally, Wells Fargo & Co cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.25.

TOL opened at $39.09 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. Toll Brothers Inc has a fifty-two week low of $29.25 and a fifty-two week high of $41.70. The company’s 50-day moving average price is $40.01 and its 200 day moving average price is $37.61. The company has a quick ratio of 1.21, a current ratio of 7.43 and a debt-to-equity ratio of 0.75.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.18. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. Toll Brothers’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. Research analysts anticipate that Toll Brothers Inc will post 3.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.44 annualized dividend and a yield of 1.13%. Toll Brothers’s dividend payout ratio (DPR) is 9.34%.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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

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