Toll Brothers Inc. (NYSE:TOL) Shares Sold by GSA Capital Partners LLP

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 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,389 shares of the construction company's stock after selling 9,278 shares during the period. GSA Capital Partners LLP's holdings in Toll Brothers were worth $780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meeder Advisory Services Inc. increased 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 worth $221,000 after purchasing an additional 109 shares during the last quarter. Wincap Financial LLC grew its stake in Toll Brothers by 4.3% during the first quarter. Wincap Financial LLC now owns 6,342 shares of the construction company's stock worth $670,000 after buying an additional 264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Toll Brothers by 19.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,966 shares of the construction company's stock worth $3,798,000 after buying an additional 5,836 shares during the period. TD Asset Management Inc grew its stake in Toll Brothers by 2.1% during the first quarter. TD Asset Management Inc now owns 8,731 shares of the construction company's stock worth $922,000 after buying an additional 177 shares during the period. Finally, HB Wealth Management LLC grew its stake in Toll Brothers by 18.8% during the first quarter. HB Wealth Management LLC now owns 2,289 shares of the construction company's stock worth $242,000 after buying an additional 363 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Up 2.3%

NYSE TOL traded up $2.91 during trading hours on Tuesday, reaching $127.90. 397,849 shares of the company traded hands, compared to its average volume of 1,785,921. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $12.56 billion, a PE ratio of 9.49, a PEG ratio of 1.27 and a beta of 1.33. The company has a 50 day moving average of $113.97 and a two-hundred day moving average of $111.81.

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

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio is 7.42%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,770 shares of company stock valued at $440,586. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several research reports. 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 note on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday. Keefe, Bruyette & Woods decreased their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Oppenheimer decreased their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.23.

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.