First Hawaiian Bank Has $478,000 Holdings in Toll Brothers Inc. $TOL

Key Points

• First Hawaiian Bank increased its holdings in Toll Brothers Inc. by 139.7% in the first quarter, owning 4,524 shares valued at approximately $478,000 at the end of the quarter.
• Insider activity included significant sales by COO Robert Parahus and Director Stephen F. East, with a total of 42,413 shares valued at $5,746,216 sold over the last ninety days.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Toll Brothers, with price targets ranging from $149.07 to as high as $169.00 among various research firms.

First Hawaiian Bank grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 139.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,524 shares of the construction company's stock after buying an additional 2,637 shares during the quarter. First Hawaiian Bank's holdings in Toll Brothers were worth $478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after buying an additional 112 shares in the last quarter. Brooklyn Investment Group lifted its position in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after buying an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its position in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after buying an additional 177 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after buying an additional 249 shares in the last quarter. Finally, Operose Advisors LLC bought a new stake in Toll Brothers during the 1st quarter worth about $42,000. 91.76% of the stock is owned by institutional investors.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the transaction, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,413 shares of company stock worth $5,746,216. 1.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

TOL has been the topic of several analyst reports. Citigroup boosted their price target on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research note on Thursday, August 28th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $160.00 target price (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Toll Brothers in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $149.79.

Toll Brothers Stock Performance

Toll Brothers stock traded down $0.28 during trading hours on Friday, hitting $139.56. The company had a trading volume of 3,055,508 shares, compared to its average volume of 1,626,893. The firm has a market cap of $13.45 billion, a PE ratio of 10.25, a PEG ratio of 0.92 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The firm has a 50-day moving average of $131.63 and a 200 day moving average of $114.62.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 EPS. On average, sell-side analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers's dividend payout ratio is currently 7.35%.

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.