Greenleaf Trust Takes Position in Toll Brothers Inc. $TOL

Key Points

• Greenleaf Trust recently acquired a new position in Toll Brothers Inc., purchasing 1,853 shares valued at approximately $211,000 in Q2.
• Toll Brothers reported $3.73 EPS for the latest quarter, surpassing expectations and showing an 8% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.25 per share, with a yield of 0.7%, to be paid out on October 24th.

Greenleaf Trust bought a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,853 shares of the construction company's stock, valued at approximately $211,000.

Several other institutional investors have also bought and sold shares of TOL. GAMMA Investing LLC grew its position in Toll Brothers by 11,219.5% in the first quarter. GAMMA Investing LLC now owns 136,739 shares of the construction company's stock valued at $14,438,000 after acquiring an additional 135,531 shares during the period. Merit Financial Group LLC boosted its stake in shares of Toll Brothers by 49.6% in the 1st quarter. Merit Financial Group LLC now owns 8,951 shares of the construction company's stock valued at $945,000 after purchasing an additional 2,969 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Toll Brothers by 239.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 943 shares of the construction company's stock worth $100,000 after purchasing an additional 665 shares during the last quarter. Vest Financial LLC increased its position in shares of Toll Brothers by 26.4% during the 1st quarter. Vest Financial LLC now owns 24,708 shares of the construction company's stock worth $2,609,000 after purchasing an additional 5,158 shares in the last quarter. Finally, Curat Global LLC bought a new position in Toll Brothers during the 1st quarter valued at about $84,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $142.80 on Friday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a market capitalization of $13.76 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.69 and a beta of 1.40. The business has a 50-day moving average price of $135.25 and a two-hundred day moving average price of $116.83.

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

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers's payout ratio is presently 7.35%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TOL shares. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Citigroup boosted their target price on Toll Brothers from $138.00 to $147.00 and gave the stock a "neutral" rating in a report on Wednesday. Bank of America raised their price target on Toll Brothers from $150.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.43.

Insider Activity at Toll Brothers

In related news, COO Robert Parahus sold 9,831 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the sale, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% 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. 1.54% of the stock is owned by company insiders.

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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