Blair William & Co. IL Has $1.70 Million Position in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Blair William & Co. IL has significantly reduced its stake in Toll Brothers Inc. by 44.5%, now holding 16,105 shares worth approximately $1.7 million.
• Several institutional investors, including PNC Financial Services Group and Alberta Investment Management Corp, increased their holdings in Toll Brothers during the same period, with 91.76% of the stock owned by such investors.
• Toll Brothers' latest earnings exceeded expectations, with a reported EPS of $3.50 compared to a consensus estimate of $2.86, but revenue declined 3.5% year-over-year.

Blair William & Co. IL decreased its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,105 shares of the construction company's stock after selling 12,904 shares during the period. Blair William & Co. IL's holdings in Toll Brothers were worth $1,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TOL. Balyasny Asset Management L.P. grew its stake in shares of Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock worth $140,400,000 after acquiring an additional 1,110,192 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of Toll Brothers in the fourth quarter worth $106,428,000. Victory Capital Management Inc. grew its stake in shares of Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock worth $102,907,000 after acquiring an additional 583,940 shares during the last quarter. Junto Capital Management LP acquired a new stake in shares of Toll Brothers in the fourth quarter worth $54,929,000. Finally, FMR LLC grew its stake in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after acquiring an additional 410,394 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. 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. Finally, UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $141.46.

Insider Buying and Selling

In related 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 value of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the chief accounting officer owned 2,439 shares of the company's stock, valued at approximately $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 sold a total of 3,770 shares of company stock worth $440,586 over the last three months. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $4.08 during trading on Tuesday, reaching $128.26. The company's stock had a trading volume of 1,349,005 shares, compared to its average volume of 1,770,747. The stock has a 50-day moving average price of $116.47 and a two-hundred day moving average price of $111.39. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a market capitalization of $12.59 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the business posted $3.38 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.42%.

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.