FORA Capital LLC Takes Position in Toll Brothers Inc. $TOL

Key Points

• FORA Capital LLC has acquired a new stake in Toll Brothers Inc., purchasing 4,016 shares valued at approximately $424,000 in the 1st quarter.
• Several other institutional investors significantly increased their holdings in Toll Brothers, with Balyasny Asset Management growing its stake by 24,475.1% in the fourth quarter.
• Toll Brothers announced a quarterly dividend of $0.25 per share, with a current dividend yield of 0.7%, and the company reported a net margin of 12.64% for the last quarter.

FORA Capital LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,016 shares of the construction company's stock, valued at approximately $424,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Trail Ridge Investment Advisors LLC lifted its position in shares of Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock worth $2,706,000 after purchasing an additional 132 shares during the period. Left Brain Wealth Management LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at about $317,000. MQS Management LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at about $649,000. Financial Security Advisor Inc. acquired a new stake in shares of Toll Brothers in the 1st quarter valued at about $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at about $227,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TOL shares. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 target price (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Citigroup upped their target price on Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $147.85.

Insiders Place Their Bets

In related news, CAO Michael J. Grubb sold 500 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares in the company, valued at approximately $292,680. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen F. East sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the transaction, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,601 shares of company stock valued at $1,726,874. Insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL traded down $1.08 on Tuesday, reaching $137.93. 676,545 shares of the company's stock traded hands, compared to its average volume of 1,770,017. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock has a market cap of $13.29 billion, a PE ratio of 10.12, a PEG ratio of 0.91 and a beta of 1.33. The stock's 50 day simple moving average is $124.40 and its two-hundred day simple moving average is $111.77. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers's revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $3.60 earnings per share. On average, analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.35%.

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.