CCM Investment Group LLC Purchases New Shares in Toll Brothers Inc. (NYSE:TOL)

Key Points

• CCM Investment Group LLC has made a new investment of $889,000 in Toll Brothers Inc. (TOL), acquiring 8,460 shares during the first quarter.
• Toll Brothers reported earnings of $3.50 per share for the latest quarter, surpassing analysts' expectations of $2.86, and had a revenue of $2.74 billion.
• The company's quarterly dividend of $0.25 signifies a 0.8% annual yield, with a dividend payout ratio of 7.42%.

CCM Investment Group LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,460 shares of the construction company's stock, valued at approximately $889,000.

Other institutional investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its stake in Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after purchasing an additional 89 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after purchasing an additional 100 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in Toll Brothers by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after buying an additional 100 shares during the period. Bessemer Group Inc. increased its position in Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock worth $41,000 after buying an additional 104 shares during the period. Finally, J.Safra Asset Management Corp increased its position in Toll Brothers by 6.7% in the first quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock worth $180,000 after buying an additional 107 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of TOL traded up $4.08 during trading hours on Tuesday, reaching $128.26. 1,352,347 shares of the company's stock traded hands, compared to its average volume of 1,416,533. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 1.29 and a beta of 1.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The business's fifty day simple moving average is $116.93 and its two-hundred day simple moving average is $111.51.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.38 earnings per share. Analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is presently 7.42%.

Insider Buying and Selling

In related news, 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 transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at $292,680. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $288,325.00. Following the transaction, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock valued at $440,586 over the last three months. Company insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 target price (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.46.

Toll Brothers 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.