Toll Brothers Inc. $TOL Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in Toll Brothers Inc. (NYSE:TOL) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,181 shares of the construction company’s stock after selling 525 shares during the period. State of Alaska Department of Revenue’s holdings in Toll Brothers were worth $1,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TOL. Sound Income Strategies LLC grew its holdings in Toll Brothers by 84.2% in the 1st 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 grew its holdings in 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 buying an additional 94 shares in the last quarter. Larson Financial Group LLC grew its holdings in 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 buying an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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 buying an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in 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 buying an additional 249 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $142.80 on Friday. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a fifty day moving average of $135.25 and a 200-day moving average of $116.83. The company has a market capitalization of $13.76 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS 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 company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the prior year, the firm earned $3.60 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS 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. Stockholders of record on Friday, October 10th will be given 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 at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,474,724.71. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,413 shares of company stock worth $5,746,216. 1.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TOL has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a report on Saturday, September 27th. Wedbush reissued an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $160.00 target price (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.43.

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.