Edgestream Partners L.P. Purchases 45,391 Shares of Toll Brothers Inc. $TOL

Edgestream Partners L.P. grew its position in Toll Brothers Inc. (NYSE:TOL) by 1,061.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,668 shares of the construction company’s stock after acquiring an additional 45,391 shares during the period. Edgestream Partners L.P. owned about 0.05% of Toll Brothers worth $5,669,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. GoodHaven Capital Management LLC acquired a new stake in Toll Brothers in the 2nd quarter valued at about $1,936,000. Advent Capital Management DE acquired a new stake in shares of Toll Brothers in the second quarter valued at approximately $2,853,000. F m Investments LLC lifted its position in shares of Toll Brothers by 1.7% in the second quarter. F m Investments LLC now owns 30,496 shares of the construction company’s stock valued at $3,481,000 after buying an additional 512 shares during the last quarter. Norges Bank acquired a new position in shares of Toll Brothers during the 2nd quarter worth approximately $154,782,000. Finally, Hsbc Holdings PLC raised its stake in Toll Brothers by 16.5% in the 2nd quarter. Hsbc Holdings PLC now owns 100,263 shares of the construction company’s stock valued at $11,459,000 after acquiring an additional 14,173 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $139.15 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 10.22, 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 $165.05. The company has a 50-day simple moving average of $134.79 and a two-hundred day simple moving average of $126.82.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s payout ratio is 7.35%.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TOL. Evercore ISI reaffirmed an “in-line” rating and set a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Argus raised their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Wedbush reiterated an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Finally, Bank of America reduced their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Toll Brothers 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.