Toll Brothers Inc. $TOL Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 1,242.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,463 shares of the construction company’s stock after purchasing an additional 1,354 shares during the period. Allworth Financial LP’s holdings in Toll Brothers were worth $167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TOL. Brooklyn Investment Group lifted its holdings in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC boosted its position in shares of 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 increased its stake in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after acquiring an additional 249 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Toll Brothers during the 1st quarter worth about $42,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

TOL opened at $126.23 on Wednesday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $135.91 and its 200-day moving average is $124.70. The stock has a market cap of $12.17 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction on 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 completion of the transaction, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,643 shares of company stock worth $5,305,630 in the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TOL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Argus raised their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Evercore ISI reaffirmed an “in-line” rating and issued a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $149.43.

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.