Toll Brothers Inc. $TOL Stock Position Decreased by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Toll Brothers Inc. (NYSE:TOL) by 31.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,375 shares of the construction company’s stock after selling 81,263 shares during the quarter. American Century Companies Inc.’s holdings in Toll Brothers were worth $19,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Brooklyn Investment Group raised its position in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after purchasing an additional 249 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Toll Brothers during the 1st quarter valued at $42,000. Finally, Pinnacle Holdings LLC lifted its stake in shares of Toll Brothers by 136.0% in the 1st quarter. Pinnacle Holdings LLC now owns 472 shares of the construction company’s stock valued at $50,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of several analyst reports. Bank of America lowered their target price on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Evercore ISI reissued an “in-line” rating and set a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Argus raised their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Citigroup upped their target price on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Stock Down 0.5%

TOL stock opened at $139.15 on Wednesday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $165.05. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market cap of $13.41 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The business’s 50-day simple moving average is $134.79 and its 200 day simple moving average is $126.82.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were given a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is currently 7.35%.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.54% of the company’s stock.

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.