UMB Bank n.a. Raises Stock Position in Toll Brothers Inc. $TOL

UMB Bank n.a. boosted its position in Toll Brothers Inc. (NYSE:TOL) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,101 shares of the construction company’s stock after purchasing an additional 151 shares during the quarter. UMB Bank n.a.’s holdings in Toll Brothers were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TOL. Sound Income Strategies LLC raised its position in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after buying an additional 112 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after purchasing an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Toll Brothers by 128.2% during the second 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Toll Brothers by 218.4% in the first 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. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Up 0.5%

Shares of TOL stock opened at $137.26 on Thursday. The business has a 50-day moving average of $132.83 and a 200 day moving average of $115.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a market capitalization of $13.23 billion, a PE ratio of 10.09, a P/E/G ratio of 1.62 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm posted $3.60 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.25 dividend. The ex-dividend date is 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 presently 7.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Citigroup upped their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Raymond James Financial restated a “strong-buy” rating and set a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Bank of America upped their price objective on Toll Brothers from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Finally, Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $149.79.

Insider Activity

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred 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 sale, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 770 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is owned by corporate insiders.

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.