Caitlin John LLC Buys Shares of 3,103 Toll Brothers Inc. $TOL

Key Points

• Caitlin John LLC has acquired a new position in Toll Brothers Inc., purchasing 3,103 shares valued at approximately $354,000.
• Multiple hedge funds have significantly increased their stakes in Toll Brothers, with institutional investors now owning 91.76% of the company's stock.
• Analysts have provided varied ratings for Toll Brothers, with a consensus rating of "Moderate Buy" and an average price target of $149.79.

Caitlin John LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,103 shares of the construction company's stock, valued at approximately $354,000.

Several other institutional investors also recently made changes to their positions in the stock. Sound Income Strategies LLC grew its holdings in 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 buying an additional 112 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Toll Brothers by 52.8% during the 1st 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 last quarter. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after acquiring an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $37,000 after purchasing an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings 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 in the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares of the company's stock, valued at approximately $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction on Wednesday, July 16th. The shares were 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. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,413 shares of company stock worth $5,746,216. Company insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TOL shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Argus increased 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. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Wedbush reissued an "outperform" rating and issued a $165.00 price target on shares of Toll Brothers in a report on Thursday. Finally, Citigroup lifted their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus target price of $149.79.

Toll Brothers Stock Performance

NYSE:TOL traded down $3.36 during mid-day trading on Monday, hitting $136.33. The stock had a trading volume of 2,125,823 shares, compared to its average volume of 1,634,464. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.66 and a beta of 1.33. 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 Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company's 50 day simple moving average is $131.97 and its 200 day simple moving average is $114.86.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share 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 analysts' expectations of $2.86 billion. During the same period in the prior year, the firm earned $3.60 EPS. The business's revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers's payout ratio is 7.35%.

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.