Eisler Capital Management Ltd. Buys Shares of 157,556 Toll Brothers Inc. $TOL

Key Points

• Eisler Capital Management Ltd. has acquired 157,556 shares of Toll Brothers Inc. worth approximately $16.6 million, making this its 28th largest position.
• Toll Brothers reported a Q2 earnings per share of $3.73, exceeding analysts' expectations, with revenue growing 8% year-over-year to $2.95 billion.
• The company announced a quarterly $0.25 dividend, translating to a 0.7% annual yield, with an overall payout ratio of 7.35%.

Eisler Capital Management Ltd. bought a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 157,556 shares of the construction company's stock, valued at approximately $16,629,000. Toll Brothers comprises about 0.1% of Eisler Capital Management Ltd.'s holdings, making the stock its 28th biggest position. Eisler Capital Management Ltd. owned 0.16% of Toll Brothers at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Ieq Capital LLC lifted its position in shares of Toll Brothers by 50.4% in the 1st quarter. Ieq Capital LLC now owns 23,000 shares of the construction company's stock worth $2,429,000 after acquiring an additional 7,710 shares during the period. CreativeOne Wealth LLC lifted its position in shares of Toll Brothers by 95.0% in the 1st quarter. CreativeOne Wealth LLC now owns 10,812 shares of the construction company's stock worth $1,142,000 after acquiring an additional 5,266 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Toll Brothers by 26.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 33,850 shares of the construction company's stock worth $3,574,000 after acquiring an additional 7,000 shares during the period. Gabelli Funds LLC lifted its position in shares of Toll Brothers by 6.9% in the 1st quarter. Gabelli Funds LLC now owns 7,700 shares of the construction company's stock worth $813,000 after acquiring an additional 500 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in shares of Toll Brothers by 3.2% in the 1st quarter. Rafferty Asset Management LLC now owns 72,807 shares of the construction company's stock worth $7,688,000 after acquiring an additional 2,226 shares during the period. Institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 0.5%

Shares of TOL opened at $137.94 on Wednesday. The stock has a fifty day moving average price of $121.94 and a two-hundred day moving average price of $111.44. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.90 and a beta of 1.33. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38.

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, beating the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $3.60 EPS. Analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's payout ratio is 7.35%.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. This trade represents a 16.35% 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 in the last three months. 1.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research report on Monday. Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada raised their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Citigroup raised their target price on Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and a consensus target price of $145.92.

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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