Focus Partners Advisor Solutions LLC Makes New $318,000 Investment in Toll Brothers Inc. $TOL

Key Points

• Focus Partners Advisor Solutions LLC acquired a new stake in Toll Brothers Inc., purchasing 3,015 shares valued at approximately $318,000 in the first quarter.
• Insider selling was reported, with CEO Douglas C. Jr. Yearley selling 25,000 shares for approximately $3.46 million, leading to an 8.04% decrease in his ownership.
• Toll Brothers recently declared a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 0.7%.

Focus Partners Advisor Solutions LLC bought a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,015 shares of the construction company's stock, valued at approximately $318,000.

Several other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group raised its position in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after acquiring an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in Toll Brothers by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock valued at $2,619,000 after acquiring an additional 100 shares in the last quarter. J.Safra Asset Management Corp raised its position in Toll Brothers by 6.7% during the first quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock valued at $180,000 after acquiring an additional 107 shares in the last quarter. Meeder Advisory Services Inc. raised its position in Toll Brothers by 5.5% during the first quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock valued at $221,000 after acquiring an additional 109 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after acquiring an additional 112 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TOL shares. Citigroup lifted their price target on Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods lifted their price target on Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a research report on Thursday, August 28th. Bank of America lifted their price target on Toll Brothers from $132.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Argus lifted their price target on Toll Brothers from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Royal Bank Of Canada boosted their price objective on Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $149.07.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $3.47 during trading on Friday, reaching $143.48. The stock had a trading volume of 975,257 shares, compared to its average volume of 1,807,067. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The business has a fifty day moving average price of $129.56 and a 200-day moving average price of $113.58. The stock has a market cap of $13.83 billion, a PE ratio of 10.54, a PEG ratio of 0.97 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.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates 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 was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.60 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid 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 dividend yield of 0.7%. Toll Brothers's payout ratio is currently 7.35%.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the sale, the chief executive officer directly owned 286,117 shares of the company's stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christine Garvey sold 770 shares of the business'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 transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,413 shares of company stock valued at $5,746,216. Insiders own 1.54% of the company's stock.

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.