Alyeska Investment Group L.P. Has $2.51 Million Holdings in Toll Brothers Inc. $TOL

Key Points

• Alyeska Investment Group L.P. has reduced its stake in Toll Brothers Inc. by 42.2%, now holding 23,742 shares valued at $2.5 million after selling 17,367 shares in the first quarter.
• Insider trading activity includes CAO Michael J. Grubb selling 500 shares for $60,000 and COO Robert Parahus selling nearly 10,000 shares valued at over $1.28 million, reflecting significant decreases in their ownership.
• Toll Brothers reported a quarterly earnings per share of $3.73, exceeding estimates, alongside an 8% year-over-year revenue increase to $2.95 billion.

Alyeska Investment Group L.P. reduced its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 42.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,742 shares of the construction company's stock after selling 17,367 shares during the period. Alyeska Investment Group L.P.'s holdings in Toll Brothers were worth $2,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sound Income Strategies LLC lifted its position in shares of 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 in the last quarter. Brooklyn Investment Group lifted its position in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after buying an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its position in Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after buying an additional 177 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after buying an additional 249 shares during the period. Finally, Operose Advisors LLC acquired a new position in shares of Toll Brothers in the first quarter worth $42,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

NYSE TOL traded down $2.03 during trading on Wednesday, hitting $142.79. The company's stock had a trading volume of 965,434 shares, compared to its average volume of 1,784,536. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The firm has a market cap of $13.76 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33. The firm has a 50 day moving average price of $127.98 and a 200 day moving average price of $112.92.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio (DPR) is currently 7.35%.

Analysts Set New Price Targets

A number of research analysts have commented on TOL shares. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Citigroup increased their price objective on Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Bank of America raised their price objective on shares of Toll Brothers from $132.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial restated a "strong-buy" rating and set a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.07.

Insider Buying and Selling

In other news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 770 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value 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 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. 1.54% of the stock is currently owned by corporate insiders.

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.