Baird Financial Group Inc. Purchases 12,626 Shares of Toll Brothers Inc. $TOL

Key Points

• Baird Financial Group Inc. increased its holdings in Toll Brothers Inc. by 74.0%, acquiring an additional 12,626 shares, bringing its total to 29,681 shares valued at $3,134,000.
• Several large investors, including Sound Income Strategies LLC and Mitsubishi UFJ Asset Management Co. Ltd., significantly raised their stakes in Toll Brothers during the first quarter, indicating strong institutional interest with 91.76% of the stock owned by institutions.
• Toll Brothers reported an impressive earnings performance for the quarter, with $3.73 earnings per share, which surpassed analysts' estimates, and a 8.0% year-over-year revenue increase.

Baird Financial Group Inc. lifted its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 74.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,681 shares of the construction company's stock after purchasing an additional 12,626 shares during the period. Baird Financial Group Inc.'s holdings in Toll Brothers were worth $3,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in shares of Toll Brothers by 84.2% during 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. Brooklyn Investment Group increased its stake in shares of Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares during the period. Larson Financial Group LLC increased its stake in shares of Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Toll Brothers by 218.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after purchasing an additional 249 shares during the period. Finally, Operose Advisors LLC bought a new position in shares of Toll Brothers during the first quarter worth approximately $42,000. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TOL shares. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wedbush reiterated an "outperform" rating and set a $165.00 price objective on shares of Toll Brothers in a research note on Friday. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $149.07.

Toll Brothers Trading Up 1.3%

Shares of TOL opened at $147.24 on Friday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The business's fifty day moving average is $126.77 and its 200-day moving average is $112.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.96 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share 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 return on equity of 17.42% and a net margin of 12.64%.Toll Brothers's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. Equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers's payout ratio is currently 7.35%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the transaction, the director directly owned 11,590 shares of the company's stock, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction dated 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 directly owned 2,439 shares in the company, valued at $292,680. The trade was a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,601 shares of company stock worth $5,183,374 over the last three months. 1.54% of the stock is owned by corporate insiders.

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.

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