Toll Brothers Inc. $TOL Shares Acquired by GDS Wealth Management

Key Points

• GDS Wealth Management increased its stake in Toll Brothers by 373.5% during the 1st quarter, purchasing an additional 46,387 shares, bringing their total holdings to 58,806 shares valued at approximately $6.2 million.
• Multiple hedge funds have also adjusted their positions, with notable increases including Victory Capital Management, which raised its stake by 149.5% during the same period.
• In its latest earnings report, Toll Brothers posted an EPS of $3.73, exceeding analyst expectations, and reported a revenue of $2.95 billion for the quarter.

GDS Wealth Management lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 373.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,806 shares of the construction company's stock after buying an additional 46,387 shares during the period. GDS Wealth Management owned approximately 0.06% of Toll Brothers worth $6,209,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Brooklyn Investment Group lifted its position in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after purchasing an additional 94 shares during the period. NewEdge Advisors LLC lifted its position in Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after purchasing an additional 100 shares during the period. KLP Kapitalforvaltning AS lifted its position 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. J.Safra Asset Management Corp lifted its position in Toll Brothers by 6.7% in the first quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock valued at $180,000 after purchasing an additional 107 shares during the period. Finally, Meeder Advisory Services Inc. lifted its position in Toll Brothers by 5.5% in the first quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock valued at $221,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Ratings Changes

TOL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped 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 report on Tuesday, May 20th. Wells Fargo & Company increased their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Monday. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wedbush dropped their target price on shares of Toll Brothers from $175.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $143.54.

Toll Brothers Price Performance

Shares of TOL traded up $7.6370 during mid-day trading on Friday, reaching $139.2170. 2,902,576 shares of the company's stock were exchanged, compared to its average volume of 1,534,636. The company has a quick ratio of 0.44, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $120.67 and a two-hundred day simple moving average of $111.47. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.86 and a beta of 1.33.

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

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is 7.35%.

Insider Activity

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the sale, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 13,601 shares of company stock valued at $1,726,874 over the last quarter. Insiders own 1.54% of the company's stock.

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.