Charles Schwab Investment Management Inc. Buys 7,670 Shares of Toll Brothers Inc. (NYSE:TOL)

Charles Schwab Investment Management Inc. raised its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 689,508 shares of the construction company's stock after purchasing an additional 7,670 shares during the period. Charles Schwab Investment Management Inc. owned 0.69% of Toll Brothers worth $72,805,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after acquiring an additional 112 shares during the period. Larson Financial Group LLC boosted its stake in shares of Toll Brothers by 152.6% in 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 period. Quarry LP boosted its stake in shares of Toll Brothers by 1,035.7% in 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 period. Bessemer Group Inc. boosted its stake in shares of 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 acquiring an additional 104 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in 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 buying an additional 415 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research reports. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Barclays reissued an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wells Fargo & Company increased their price target on Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Evercore ISI reissued an "outperform" rating and set a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $141.46.

Insider Buying and Selling

In related news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction on 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 transaction, the director owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michael J. Grubb sold 500 shares of the firm's stock in a transaction on 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 transaction, the chief accounting officer owned 2,439 shares of the company's stock, valued at $292,680. This trade represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock worth $440,586 in the last 90 days. Insiders own 1.54% of the company's stock.

Toll Brothers Stock Up 4.1%

Toll Brothers stock opened at $133.52 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.33 and a beta of 1.33. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The business has a fifty day moving average price of $117.43 and a 200-day moving average price of $111.66.

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, topping analysts' consensus estimates 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 return on equity of 17.87% and a net margin of 12.95%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.38 EPS. Equities research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.25 dividend. 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 dividend payout ratio (DPR) is 7.42%.

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.

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