Perbak Capital Partners LLP Takes $207,000 Position in Toll Brothers Inc. $TOL

Key Points

• Perbak Capital Partners LLP has acquired 1,958 shares of Toll Brothers Inc. valued at approximately $207,000, indicating increased institutional interest in the company.
• Toll Brothers recently reported an earnings per share (EPS) of $3.73 for the quarter, exceeding estimates and reflecting an 8% revenue growth compared to last year.
• The company announced a quarterly dividend of $0.25, reflecting an annualized yield of 0.7%, with a payout ratio of 7.35%.

Perbak Capital Partners LLP acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,958 shares of the construction company's stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOL. Sound Income Strategies LLC grew its position in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Brooklyn Investment Group grew its position in shares of 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 purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 purchasing an additional 249 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at about $42,000. Institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Toll Brothers stock traded up $1.83 on Friday, hitting $147.24. The company's stock had a trading volume of 2,739,985 shares, compared to its average volume of 1,683,980. The firm has a market cap of $14.19 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33. 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 company has a fifty day moving average price of $126.77 and a 200-day moving average price of $112.47. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly 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. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the firm posted $3.60 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers's dividend payout ratio is 7.35%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TOL shares. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Citigroup boosted their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Finally, Wedbush reaffirmed an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $149.07.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 770 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,601 shares of company stock worth $5,183,374 over the last quarter. 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.