AE Wealth Management LLC Makes New $285,000 Investment in Toll Brothers Inc. (NYSE:TOL)

Key Points

• AE Wealth Management LLC has made a new investment of approximately $285,000 in Toll Brothers Inc., acquiring 2,704 shares of the company during the 1st quarter.
• Toll Brothers Inc. has recently shown strong earnings performance, reporting $3.50 earnings per share for the last quarter, exceeding estimates by $0.64.
• The stock has received various analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $142.23.

AE Wealth Management LLC bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 2,704 shares of the construction company's stock, valued at approximately $285,000.

Several other hedge funds also recently modified their holdings of TOL. O Shaughnessy Asset Management LLC raised its stake in shares of Toll Brothers by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 35,430 shares of the construction company's stock worth $4,462,000 after buying an additional 247 shares during the last quarter. National Bank of Canada FI increased its stake in Toll Brothers by 32.0% in the fourth quarter. National Bank of Canada FI now owns 58,078 shares of the construction company's stock valued at $7,315,000 after purchasing an additional 14,080 shares in the last quarter. Geode Capital Management LLC increased its stake in Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Headlands Technologies LLC increased its stake in Toll Brothers by 804.5% in the fourth quarter. Headlands Technologies LLC now owns 4,631 shares of the construction company's stock valued at $583,000 after purchasing an additional 4,119 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $3,617,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several research analyst reports. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wells Fargo & Company increased their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday. Raymond James Financial restated a "strong-buy" rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Oppenheimer reduced their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Finally, Evercore ISI restated an "outperform" rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $142.23.

Toll Brothers Stock Performance

Shares of TOL traded up $3.56 during trading hours on Friday, hitting $121.92. The company had a trading volume of 1,672,220 shares, compared to its average volume of 1,566,245. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.23 and a beta of 1.33. The business has a fifty day moving average of $113.97 and a 200-day moving average of $112.12. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The company's revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.38 earnings per share. Equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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 yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is currently 7.42%.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen F. East sold 2,500 shares of the firm'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 transaction, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,770 shares of company stock valued at $440,586. 1.54% of the stock is owned by company insiders.

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.