De Lisle Partners LLP Increases Holdings in Toll Brothers Inc. (NYSE:TOL)

Key Points

• De Lisle Partners LLP increased its stake in Toll Brothers Inc. by 5.6%, now holding 95,000 shares, making it the fund's 12th largest position.
• Toll Brothers reported a $3.50 EPS for the quarter, surpassing analysts' expectations by $0.64, despite a 3.5% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.25, reflecting an annualized yield of 0.81% and a payout ratio of 7.42%.

De Lisle Partners LLP lifted its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,000 shares of the construction company's stock after purchasing an additional 5,000 shares during the quarter. Toll Brothers comprises 1.7% of De Lisle Partners LLP's holdings, making the stock its 12th largest position. De Lisle Partners LLP owned approximately 0.10% of Toll Brothers worth $10,032,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Insigneo Advisory Services LLC raised its position 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 valued at $251,000 after acquiring an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in Toll Brothers by 5.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after acquiring an additional 100 shares in the last quarter. NewEdge Advisors LLC raised its position in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after acquiring an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in Toll Brothers by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock valued at $2,619,000 after purchasing an additional 100 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Toll Brothers by 46.6% in 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 period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $123.33 on Tuesday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. 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 firm has a market capitalization of $12.11 billion, a PE ratio of 9.15, a P/E/G ratio of 1.28 and a beta of 1.36. The business's 50 day moving average price is $112.65 and its 200-day moving average price is $112.11.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, May 20th. The construction company reported $3.50 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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $3.38 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. Toll Brothers's dividend payout ratio is currently 7.42%.

Wall Street Analyst Weigh In

Several analysts have commented on TOL shares. Evercore ISI reissued an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. UBS Group reissued a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Oppenheimer dropped their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. One 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, the company has a consensus rating of "Moderate Buy" and an average target price of $141.85.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director owned 12,787 shares in the company, valued at $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Garvey sold 770 shares of the business's stock in a transaction on 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 $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,770 shares of company stock worth $440,586 over the last quarter. 1.54% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.