Toll Brothers Inc. $TOL Shares Purchased by Royal Bank of Canada

Royal Bank of Canada lifted its position in Toll Brothers Inc. (NYSE:TOL) by 13.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,935 shares of the construction company’s stock after acquiring an additional 21,262 shares during the period. Royal Bank of Canada owned 0.18% of Toll Brothers worth $19,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Baird Financial Group Inc. increased its position in shares of Toll Brothers by 74.0% in the 1st quarter. Baird Financial Group Inc. now owns 29,681 shares of the construction company’s stock valued at $3,134,000 after acquiring an additional 12,626 shares during the period. Vident Advisory LLC increased its position in shares of Toll Brothers by 30.0% in the 1st quarter. Vident Advisory LLC now owns 15,224 shares of the construction company’s stock valued at $1,608,000 after acquiring an additional 3,510 shares during the period. Magnetar Financial LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at $390,000. Canada Pension Plan Investment Board increased its position in shares of Toll Brothers by 46.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 74,700 shares of the construction company’s stock valued at $7,888,000 after acquiring an additional 23,700 shares during the period. Finally, Eisler Capital Management Ltd. acquired a new position in shares of Toll Brothers in the 1st quarter valued at $16,629,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares of the company’s stock, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 770 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the transaction, the director directly owned 11,590 shares of the company’s stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,413 shares of company stock worth $5,746,216 in the last three months. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Trading Down 2.1%

TOL stock opened at $144.91 on Wednesday. The company’s 50-day simple moving average is $127.98 and its 200-day simple moving average is $112.92. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The firm has a market cap of $13.97 billion, a P/E ratio of 10.65, a PEG ratio of 0.97 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted $3.60 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid 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 yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TOL shares. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Bank of America upped their price target on shares of Toll Brothers from $132.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a report on Friday, September 5th. Finally, Royal Bank Of Canada upped their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.07.

About Toll Brothers

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.