HB Wealth Management LLC Buys 363 Shares of Toll Brothers Inc. (NYSE:TOL)

HB Wealth Management LLC boosted its stake in Toll Brothers Inc. (NYSE:TOL) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,289 shares of the construction company’s stock after purchasing an additional 363 shares during the quarter. HB Wealth Management LLC’s holdings in Toll Brothers were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Greenhaven Associates Inc. boosted its stake in Toll Brothers by 0.5% in the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company’s stock worth $587,353,000 after purchasing an additional 26,079 shares during the period. FMR LLC boosted its stake in 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 purchasing an additional 410,394 shares during the period. Geode Capital Management LLC boosted its stake in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after purchasing an additional 35,001 shares during the period. Invesco Ltd. boosted its position in shares of Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after acquiring an additional 236,402 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock valued at $153,234,000 after acquiring an additional 239,917 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 3.0%

Shares of NYSE:TOL opened at $121.92 on Friday. The company has a market cap of $11.97 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $113.97 and a 200 day moving average of $111.97. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.38 earnings per share. As a group, equities research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s dividend payout ratio is presently 7.42%.

Insider Activity at Toll Brothers

In related news, CAO Michael J. Grubb sold 500 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares of the company’s stock, valued at approximately $292,680. This represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen F. East sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 12,787 shares of the company’s stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,770 shares of company stock valued at $440,586. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TOL. Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wall Street Zen upgraded Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Wells Fargo & Company lifted their price target on Toll Brothers from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 price target (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $142.23.

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.