2,038 Shares in Toll Brothers Inc. $TOL Acquired by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC purchased 2,038 shares of Toll Brothers Inc., valued at approximately $233,000, marking a new position in the company.
• Toll Brothers reported quarterly earnings of $3.73 EPS, exceeding analysts' estimates, with a revenue increase of 8.0% year-over-year to $2.95 billion.
• The company recently declared a quarterly dividend of $0.25, set to be paid on October 24th, which translates to an annualized yield of 0.8%.

Morningstar Investment Management LLC bought a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,038 shares of the construction company's stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in shares of Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Brooklyn Investment Group increased 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 worth $29,000 after acquiring an additional 94 shares in the last quarter. Larson Financial Group LLC increased 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 worth $31,000 after acquiring an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased 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 worth $38,000 after acquiring an additional 249 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

Shares of TOL opened at $133.22 on Wednesday. The company's 50 day moving average price is $136.52 and its 200 day moving average price is $117.96. 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 $12.84 billion, a PE ratio of 9.79, a PEG ratio of 1.52 and a beta of 1.40. 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 (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.86 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. Research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers's payout ratio is currently 7.35%.

Insiders Place Their Bets

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares of the company's stock, valued at $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 38,643 shares of company stock valued at $5,305,630 over the last ninety days. Corporate insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of several analyst reports. Raymond James Financial reissued a "strong-buy" rating and issued a $160.00 target price (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Wells Fargo & Company lifted their target price 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Evercore ISI reissued an "in-line" rating and issued a $160.00 target price (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Finally, Argus lifted their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Two equities research 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 issued a Sell rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and an average target price 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.

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