Ameritas Advisory Services LLC Purchases Shares of 1,050 Toll Brothers Inc. $TOL

Ameritas Advisory Services LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,050 shares of the construction company’s stock, valued at approximately $120,000.

Other hedge funds also recently added to or reduced their stakes in the company. Trail Ridge Investment Advisors LLC boosted its holdings in Toll Brothers by 0.5% in the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock valued at $2,706,000 after purchasing an additional 132 shares during the last quarter. Left Brain Wealth Management LLC purchased a new stake in Toll Brothers in the first quarter valued at $317,000. MQS Management LLC purchased a new stake in Toll Brothers in the first quarter valued at $649,000. Financial Security Advisor Inc. purchased a new stake in shares of Toll Brothers during the 1st quarter worth about $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Toll Brothers during the 1st quarter valued at about $227,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Argus upped their target price on Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 target price (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI reiterated an “in-line” rating and set a $160.00 target price (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.79.

Toll Brothers Stock Down 2.7%

TOL stock opened at $128.52 on Friday. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.57 and a beta of 1.40. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm has a 50-day moving average of $136.25 and a two-hundred day moving average of $117.47.

Toll Brothers (NYSE:TOL) last released 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. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. Toll Brothers’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.60 EPS. As a group, analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s dividend payout ratio is presently 7.35%.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the sale, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. This represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the sale, the director owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,413 shares of company stock worth $5,746,216 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

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.