Davis R M Inc. Lowers Stock Position in Toll Brothers Inc. (NYSE:TOL)

Davis R M Inc. trimmed its holdings in Toll Brothers Inc. (NYSE:TOL) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,023 shares of the construction company’s stock after selling 6,861 shares during the quarter. Davis R M Inc. owned approximately 0.15% of Toll Brothers worth $15,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Balyasny Asset Management L.P. lifted its position in shares of Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock valued at $140,400,000 after acquiring an additional 1,110,192 shares during the period. D1 Capital Partners L.P. purchased a new stake in Toll Brothers during the fourth quarter worth $106,428,000. Victory Capital Management Inc. grew its holdings in Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock valued at $102,907,000 after purchasing an additional 583,940 shares during the last quarter. Junto Capital Management LP acquired a new position in shares of Toll Brothers during the 4th quarter worth $54,929,000. Finally, FMR LLC boosted its position in shares of Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after buying an additional 410,394 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $119.34 on Thursday. The business has a 50 day simple moving average of $113.33 and a 200 day simple moving average of $112.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The company has a market capitalization of $11.72 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.38 earnings per share. On average, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Toll Brothers’s dividend payout ratio is 7.42%.

Insider Buying and Selling

In related news, Director Stephen F. East sold 2,500 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company’s stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares of the company’s stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,770 shares of company stock valued at $440,586 in the last 90 days. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays reissued an “underweight” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Royal Bank Of Canada dropped their price objective on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Wedbush restated an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wall Street Zen raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, Evercore ISI reissued an “outperform” rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $141.85.

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.