Brookwood Investment Group LLC Invests $228,000 in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Brookwood Investment Group LLC has initiated a new position in Toll Brothers Inc. by acquiring 2,155 shares valued at approximately $228,000.
• For the latest earnings report, Toll Brothers outperformed expectations with earnings per share of $3.50 compared to analysts' consensus of $2.86, despite a year-over-year revenue decline of 3.5%.
• The company recently announced a quarterly dividend of $0.25 per share, with an annualized yield of 0.81%, reflecting a low dividend payout ratio of 7.42%.

Brookwood Investment Group LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,155 shares of the construction company's stock, valued at approximately $228,000.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 112 shares during the last quarter. Larson Financial Group LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 177 shares during the last quarter. Quarry LP lifted its holdings in shares of Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after purchasing an additional 290 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Toll Brothers by 46.6% during the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after purchasing an additional 104 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Toll Brothers by 415.0% during the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after purchasing an additional 415 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction dated 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 sale, the director owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the firm'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 completion of the sale, the director owned 12,787 shares of the company's stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

Toll Brothers stock traded down $0.90 during mid-day trading on Wednesday, reaching $121.97. The company had a trading volume of 143,194 shares, compared to its average volume of 1,795,402. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.28 and a beta of 1.36. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a 50 day moving average of $113.03 and a 200-day moving average of $112.18.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.38 EPS. On average, sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is presently 7.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. UBS Group restated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods cut their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Raymond James Financial restated a "strong-buy" rating and set a $130.00 price target (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Finally, Evercore ISI restated an "outperform" rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.85.

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.