20,400 Shares in Toll Brothers Inc. $TOL Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC purchased 20,400 shares of Toll Brothers Inc., valued at approximately $2,154,000, highlighting significant institutional interest in the company during the first quarter.
• Analysts have raised their price targets for Toll Brothers, with Royal Bank of Canada setting a new target of $145.00, reflecting a bullish outlook on the construction company's stock.
• Toll Brothers reported a quarterly EPS of $3.73, exceeding estimates, and a revenue of $2.95 billion, which indicates an 8.0% year-over-year growth.

Inspire Investing LLC acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,400 shares of the construction company's stock, valued at approximately $2,154,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TOL. Long Pond Capital LP acquired a new stake in Toll Brothers during the first quarter worth about $117,870,000. Victory Capital Management Inc. increased its stake in shares of Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock valued at $102,907,000 after purchasing an additional 583,940 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 375,372 shares during the period. Shellback Capital LP increased its stake in shares of Toll Brothers by 571.9% in the fourth quarter. Shellback Capital LP now owns 360,000 shares of the construction company's stock valued at $45,342,000 after purchasing an additional 306,422 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at approximately $28,720,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TOL. Royal Bank Of Canada raised their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Wedbush restated an "outperform" rating and issued a $165.00 price target on shares of Toll Brothers in a research note on Friday, September 5th. Evercore ISI restated an "outperform" rating and issued a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Citigroup raised their price target on shares of Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Finally, UBS Group restated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $149.07.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,812 shares of the firm'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 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 trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 770 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,413 shares of company stock valued at $5,746,216 in the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Down 2.4%

Toll Brothers stock opened at $143.48 on Friday. The firm has a 50 day simple moving average of $129.56 and a 200-day simple moving average of $113.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The stock has a market capitalization of $13.83 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data 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. The business 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%. The business's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $3.60 earnings per share. As a group, equities 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 was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.35%.

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.

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.