Envestnet Asset Management Inc. Acquires 2,398 Shares of Toll Brothers Inc. $TOL

Envestnet Asset Management Inc. raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,934 shares of the construction company’s stock after acquiring an additional 2,398 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of Toll Brothers worth $5,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Greenhaven Associates Inc. grew its holdings in shares of Toll Brothers by 0.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after purchasing an additional 39,334 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 buying an additional 375,372 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of 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 worth $146,572,000 after buying an additional 208,064 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Toll Brothers during the first quarter worth $117,870,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Toll Brothers by 6.6% in the 1st 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.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of research reports. Raymond James Financial restated a “strong-buy” rating and set a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Citigroup boosted their price target on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Bank of America cut their target price 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, Wells Fargo & Company boosted their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. 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 given a Sell rating to the company. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $149.43.

Insider Activity

In other news, COO Robert Parahus sold 9,831 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the transaction, the chief operating officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value 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. This represents a 3.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,643 shares of company stock valued at $5,305,630 in the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Up 0.0%

Shares of NYSE TOL opened at $135.68 on Thursday. The company’s 50 day moving average price is $137.33 and its 200-day moving average price is $123.78. 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 Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market capitalization of $13.08 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37.

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

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is 7.35%.

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.