Allegiance Financial Group Advisory Services LLC Takes $247,000 Position in Toll Brothers Inc. $TOL

Key Points

• Allegiance Financial Group has taken a new stake worth approximately $247,000 in Toll Brothers Inc., purchasing 2,160 shares during the second quarter.
• Recent analysis shows that institutional investors own 91.76% of Toll Brothers' stock, reflecting significant confidence in the company among large stakeholders.
• In the latest earnings report, Toll Brothers exceeded expectations with an EPS of $3.73 against an estimate of $3.59, and reported an 8% increase in quarterly revenue year-over-year.

Allegiance Financial Group Advisory Services LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,160 shares of the construction company's stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TOL. Farther Finance Advisors LLC lifted its stake in shares of Toll Brothers by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company's stock valued at $169,000 after purchasing an additional 90 shares during the period. Brooklyn Investment Group lifted its stake in shares of Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after purchasing an additional 94 shares during the period. Old Port Advisors lifted its stake in shares of Toll Brothers by 4.5% in the 2nd quarter. Old Port Advisors now owns 2,165 shares of the construction company's stock valued at $247,000 after purchasing an additional 94 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Toll Brothers by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock valued at $2,619,000 after purchasing an additional 100 shares during the period. Finally, J.Safra Asset Management Corp lifted its stake in shares of Toll Brothers by 6.7% in the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock valued at $180,000 after purchasing an additional 107 shares during the period. Institutional investors own 91.76% of the company's stock.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares of the company's stock, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert Parahus sold 9,831 shares of the 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 transaction, the chief operating officer directly owned 19,692 shares of the company's stock, valued at approximately $2,576,501.28. This trade represents a 33.30% 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 over the last quarter. Corporate insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TOL shares. Wedbush reissued an "outperform" rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Citigroup upped their price target on Toll Brothers from $138.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 1st. Bank of America upped their price target on Toll Brothers from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Wells Fargo & Company upped their price target on Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, Argus upped their price target on Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $149.79.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $132.05 on Thursday. The company has a market cap of $12.73 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The business has a 50 day moving average price of $136.05 and a 200-day moving average price of $117.35. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results 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 company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. Equities analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers's dividend payout ratio is currently 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.

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