GAMMA Investing LLC Purchases 651 Shares of Toll Brothers Inc. $TOL

GAMMA Investing LLC increased its holdings in Toll Brothers Inc. (NYSE:TOL) by 50.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,946 shares of the construction company’s stock after purchasing an additional 651 shares during the quarter. GAMMA Investing LLC’s holdings in Toll Brothers were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Long Pond Capital LP purchased a new stake in Toll Brothers in the 1st quarter worth approximately $117,870,000. Victory Capital Management Inc. lifted its stake 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 worth $102,907,000 after acquiring an additional 583,940 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Toll Brothers by 21.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after acquiring an additional 375,372 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in Toll Brothers during the 1st quarter valued at $28,720,000. Finally, Amundi raised its holdings in Toll Brothers by 429.1% in the 1st quarter. Amundi now owns 316,888 shares of the construction company’s stock worth $31,179,000 after purchasing an additional 256,996 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $137.27 on Monday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.23 billion, a P/E ratio of 10.09, a PEG ratio of 1.63 and a beta of 1.33. The stock’s 50 day moving average is $133.59 and its 200 day moving average is $115.71.

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

Toll Brothers Dividend Announcement

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

Insider Buying and Selling at Toll Brothers

In other 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 sale, the chief executive officer owned 286,117 shares in the company, valued at $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company’s stock, valued at $1,474,724.71. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,413 shares of company stock worth $5,746,216 in the last 90 days. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TOL. Citigroup raised 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. Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 target price (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Finally, Argus lifted their price target on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.79.

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.