Goldman Sachs Group Inc. Has $115.22 Million Position in Toll Brothers Inc. $TOL

Key Points

• Goldman Sachs Group Inc. increased its stake in Toll Brothers Inc. by 6.6%, owning 1,091,176 shares valued at approximately $115.22 million as of the last filing.
• Wall Street analysts have raised their price targets for Toll Brothers, with Citigroup estimating a target of $138 and Bank of America raising it to $145, while maintaining a "buy" rating.
• Toll Brothers reported earnings of $3.73 per share for the last quarter, beating estimates by $0.14, with revenue growth of 8% compared to the same period last year.

Goldman Sachs Group Inc. grew its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,091,176 shares of the construction company's stock after buying an additional 67,156 shares during the quarter. Goldman Sachs Group Inc. owned 1.11% of Toll Brothers worth $115,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC raised its position in shares of Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after buying an additional 112 shares in the last quarter. Brooklyn Investment Group increased 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 purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC increased 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 purchasing an additional 177 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 purchasing an additional 249 shares in the last quarter. Finally, Operose Advisors LLC acquired a new position in Toll Brothers during the 1st quarter worth approximately $42,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TOL. Citigroup upped their price objective 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. Bank of America upped their price objective on shares of Toll Brothers from $132.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Evercore ISI reiterated an "outperform" rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $149.07.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 2,500 shares of the business's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares in the company, valued at $39,558,536.42. This trade represents a 8.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,413 shares of company stock worth $5,746,216. Company insiders own 1.54% of the company's stock.

Toll Brothers Trading Up 2.7%

TOL opened at $147.09 on Friday. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.94 and a beta of 1.33. The company's 50 day moving average price is $129.03 and its two-hundred day moving average price is $113.38.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results 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 firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the firm posted $3.60 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.25 dividend. The ex-dividend date 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%.

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.

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