Point72 Hong Kong Ltd Purchases 6,574 Shares of Toll Brothers, Inc. (NYSE:TOL)

Point72 Hong Kong Ltd grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 35.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,965 shares of the construction company’s stock after buying an additional 6,574 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Toll Brothers were worth $2,875,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in Toll Brothers during the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the 2nd quarter valued at $29,000. Contravisory Investment Management Inc. bought a new position in Toll Brothers in the 1st quarter valued at $34,000. Massmutual Trust Co. FSB ADV raised its position in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. Finally, Rise Advisors LLC acquired a new position in Toll Brothers in the first quarter worth $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the transaction, the chief executive officer now owns 296,382 shares of the company’s stock, valued at approximately $45,361,265.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,257 shares of company stock worth $19,992,602. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 2.0 %

NYSE TOL opened at $150.29 on Thursday. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $154.62. The stock has a 50-day simple moving average of $139.09 and a 200 day simple moving average of $127.27. 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 company has a market capitalization of $15.17 billion, a PE ratio of 10.27, a P/E/G ratio of 1.24 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. Toll Brothers’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.73 EPS. Research analysts forecast that Toll Brothers, Inc. will post 13.51 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Analysts Set New Price Targets

TOL has been the subject of a number of research analyst reports. Barclays lifted 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. Argus upped their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price target for the company from $112.00 to $124.00 in a report on Monday, June 17th. Oppenheimer upped their price objective on Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Wedbush increased their price objective on Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Toll Brothers Company 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.