AE Wealth Management LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,704 shares of the construction company's stock, valued at approximately $285,000.
Several other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares during the period. Larson Financial Group LLC lifted its holdings in Toll Brothers by 152.6% in 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. Quarry LP lifted its holdings in Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after acquiring an additional 290 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after acquiring an additional 104 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Toll Brothers by 415.0% in the 1st quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after acquiring an additional 415 shares during the last quarter. Institutional investors own 91.76% of the company's stock.
Toll Brothers Stock Up 1.7%
NYSE:TOL traded up $2.07 during mid-day trading on Monday, reaching $123.98. The stock had a trading volume of 264,263 shares, compared to its average volume of 1,790,423. The business's 50 day moving average is $113.97 and its 200 day moving average is $111.81. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The stock has a market cap of $12.17 billion, a P/E ratio of 9.20, a PEG ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44.
Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $3.38 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.
Toll Brothers Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is 7.42%.
Insider Buying and Selling at Toll Brothers
In other Toll Brothers news, Director Christine Garvey sold 770 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. East sold 2,500 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director owned 12,787 shares of the company's stock, valued at $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. Insiders have sold a total of 3,770 shares of company stock worth $440,586 over the last 90 days. Insiders own 1.54% of the company's stock.
Analyst Ratings Changes
TOL has been the subject of a number of research analyst reports. Raymond James Financial reissued a "strong-buy" rating and issued a $130.00 price target (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $142.23.
Check Out Our Latest Stock Analysis on Toll Brothers
About Toll Brothers
(
Free Report)
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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