1,949 Shares in Toll Brothers Inc. $TOL Bought by Paragon Capital Management Ltd

Paragon Capital Management Ltd purchased a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,949 shares of the construction company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in 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 acquiring an additional 112 shares during the period. Brooklyn Investment Group raised its position in shares of Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Toll Brothers by 128.2% in the 2nd 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 during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Toll Brothers by 218.4% in the 1st 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. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL opened at $137.27 on Friday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.60 and a beta of 1.33. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The business’s fifty day simple moving average is $133.59 and its 200-day simple moving average is $115.56.

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

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s dividend payout ratio is 7.35%.

Insider Activity

In related news, Director Stephen F. East sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director directly owned 12,787 shares in the company, valued at $1,474,724.71. This represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,413 shares of company stock worth $5,746,216 over the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Keefe, Bruyette & Woods upped their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. 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, Argus upped their price objective on Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.79.

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.