Campbell & CO Investment Adviser LLC Makes New $5.49 Million Investment in Toll Brothers Inc. $TOL

Key Points

• Campbell & CO Investment Adviser LLC acquired 51,983 shares of Toll Brothers Inc., valued at approximately $5.5 million, making it the firm's 26th largest holding.
• Insiders, including COO Robert Parahus and Director Stephen F. East, sold significant portions of their shares recently, indicating a reduction in their positions by 33.30% and 16.35%, respectively.
• Analysts have mixed views on Toll Brothers, with Wells Fargo upgrading its target price to $150 while Barclays maintains an "underweight" rating, leading to a consensus rating of "Moderate Buy" with an average target of $143.54.

Campbell & CO Investment Adviser LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 51,983 shares of the construction company's stock, valued at approximately $5,489,000. Toll Brothers makes up 0.4% of Campbell & CO Investment Adviser LLC's investment portfolio, making the stock its 26th biggest position. Campbell & CO Investment Adviser LLC owned approximately 0.05% of Toll Brothers at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC lifted its position in 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 buying an additional 112 shares in the last quarter. Brooklyn Investment Group increased its stake in 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 acquiring an additional 94 shares during the last quarter. Larson Financial Group LLC increased its stake in 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 acquiring an additional 177 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 acquiring an additional 249 shares during the last quarter. Finally, Quarry LP increased its stake in Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research note on Monday. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on Toll Brothers from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.92.

Toll Brothers Stock Up 0.2%

TOL traded up $0.30 on Wednesday, hitting $138.00. 1,314,752 shares of the company were exchanged, compared to its average volume of 1,650,064. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 0.90 and a beta of 1.33. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $122.59 and a two-hundred day moving average price of $111.62.

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

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is presently 7.35%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This trade represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,601 shares of company stock valued at $1,726,874 over the last quarter. Corporate insiders own 1.54% of the company's stock.

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.