Deroy & Devereaux Private Investment Counsel Inc. Purchases New Position in Toll Brothers Inc. (NYSE:TOL)

Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 149,915 shares of the construction company's stock, valued at approximately $15,830,000. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.15% of Toll Brothers at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Aviance Capital Partners LLC grew its position in shares of Toll Brothers by 23.4% in the 1st quarter. Aviance Capital Partners LLC now owns 19,398 shares of the construction company's stock valued at $2,048,000 after acquiring an additional 3,674 shares during the period. Rossby Financial LCC bought a new position in Toll Brothers during the first quarter worth about $277,000. BLB&B Advisors LLC increased its position in Toll Brothers by 73.9% during the first quarter. BLB&B Advisors LLC now owns 34,523 shares of the construction company's stock worth $3,645,000 after buying an additional 14,673 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Toll Brothers by 60.5% in the first quarter. Vontobel Holding Ltd. now owns 11,583 shares of the construction company's stock valued at $1,223,000 after buying an additional 4,366 shares during the last quarter. Finally, Riverstone Advisors LLC boosted its stake in shares of Toll Brothers by 0.3% during the 1st quarter. Riverstone Advisors LLC now owns 101,524 shares of the construction company's stock worth $10,720,000 after acquiring an additional 329 shares during the period. 91.76% of the stock is owned by institutional investors.

Toll Brothers Price Performance

TOL stock traded down $3.32 during midday trading on Friday, reaching $116.95. The company had a trading volume of 1,124,095 shares, compared to its average volume of 1,603,870. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a 50 day moving average price of $107.16 and a 200-day moving average price of $113.05. 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 company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $2.86 by $0.64. The company 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 business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.38 EPS. Equities research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, July 11th. Toll Brothers's dividend payout ratio is presently 7.42%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TOL. Wedbush restated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Royal Bank Of Canada dropped their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, June 27th. Finally, Raymond James Financial restated a "strong-buy" rating and set a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $141.46.

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.