GSA Capital Partners LLP Decreases Position in Toll Brothers Inc. (NYSE:TOL)

Key Points

• GSA Capital Partners LLP reduced its stake in Toll Brothers Inc. by 55.7% in the first quarter, owning 7,389 shares worth approximately $780,000 after selling 9,278 shares.
• Several large investors increased their holdings in Toll Brothers, with Zurcher Kantonalbank raising its stake by 19.4% and now owning nearly 36,000 shares valued at about $3.8 million.
• Toll Brothers reported a quarterly earnings per share of $3.50, exceeding analysts’ expectations, and announced a quarterly dividend of $0.25 per share, reflecting a 0.8% dividend yield.

GSA Capital Partners LLP decreased its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 55.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,389 shares of the construction company's stock after selling 9,278 shares during the quarter. GSA Capital Partners LLP's holdings in Toll Brothers were worth $780,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Meeder Advisory Services Inc. raised its stake in shares of Toll Brothers by 5.5% in the first quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock worth $221,000 after purchasing an additional 109 shares during the last quarter. Wincap Financial LLC raised its stake in shares of Toll Brothers by 4.3% in the first quarter. Wincap Financial LLC now owns 6,342 shares of the construction company's stock worth $670,000 after purchasing an additional 264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Toll Brothers by 19.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,966 shares of the construction company's stock worth $3,798,000 after purchasing an additional 5,836 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Toll Brothers by 2.1% in the first quarter. TD Asset Management Inc now owns 8,731 shares of the construction company's stock worth $922,000 after purchasing an additional 177 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Toll Brothers by 18.8% in the first quarter. HB Wealth Management LLC now owns 2,289 shares of the construction company's stock worth $242,000 after purchasing an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 770 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the transaction, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock valued at $440,586 over the last 90 days. Company insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent analyst reports. Evercore ISI restated an "outperform" rating and issued a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $142.23.

Toll Brothers Price Performance

Shares of NYSE TOL traded up $3.56 during mid-day trading on Friday, reaching $121.92. The company's stock had a trading volume of 1,672,220 shares, compared to its average volume of 1,566,245. The firm has a market capitalization of $11.97 billion, a PE ratio of 9.04, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The stock has a fifty day moving average of $113.97 and a two-hundred day moving average of $112.12. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.38 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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 $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 0.8%. Toll Brothers's dividend payout ratio is 7.42%.

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.