Bessemer Group Inc. Acquires 1,233 Shares of Toll Brothers Inc. $TOL

Bessemer Group Inc. increased its holdings in Toll Brothers Inc. (NYSE:TOL) by 347.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,588 shares of the construction company’s stock after purchasing an additional 1,233 shares during the quarter. Bessemer Group Inc.’s holdings in Toll Brothers were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TOL. Greenhaven Associates Inc. boosted its position in Toll Brothers by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after acquiring an additional 39,334 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Toll Brothers by 21.0% during 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 during the last quarter. AQR Capital Management LLC boosted its position in Toll Brothers by 17.1% during the first quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock valued at $146,572,000 after acquiring an additional 208,064 shares during the last quarter. Long Pond Capital LP bought a new stake in Toll Brothers during the first quarter valued at $117,870,000. Finally, Goldman Sachs Group Inc. boosted its position in Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock valued at $115,217,000 after acquiring an additional 67,156 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

TOL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Bank of America cut their price objective on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Citigroup increased their price objective on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the transaction, the chief operating officer owned 19,692 shares of the company’s stock, valued at $2,576,501.28. The trade was a 33.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer directly owned 286,117 shares in the company, valued at approximately $39,558,536.42. The trade was a 8.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,643 shares of company stock valued at $5,305,630 in the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Price Performance

Toll Brothers stock opened at $133.19 on Tuesday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The stock has a market cap of $12.84 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.60 and a beta of 1.40. The company’s 50 day moving average price is $138.00 and its two-hundred day moving average price is $122.14. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36.

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

Toll Brothers Dividend Announcement

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

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.