Headlands Technologies LLC Has $2.25 Million Stock Position in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Headlands Technologies LLC increased its stake in Toll Brothers Inc. by 359.4%, acquiring 21,277 shares worth approximately $2.25 million at the end of the first quarter.
• Toll Brothers reported $3.50 EPS for the most recent quarter, surpassing estimates, while revenue declined 3.5% year-over-year at $2.74 billion.
• The company recently declared a quarterly dividend of $0.25 per share, yielding about 0.8%, with a low dividend payout ratio of 7.42%.

Headlands Technologies LLC raised its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 359.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,277 shares of the construction company's stock after buying an additional 16,646 shares during the quarter. Headlands Technologies LLC's holdings in Toll Brothers were worth $2,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOL. Peapack Gladstone Financial Corp grew its holdings in Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after buying an additional 100 shares during the last quarter. FMR LLC grew its holdings in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after buying an additional 410,394 shares during the last quarter. Bank of Montreal Can grew its holdings in Toll Brothers by 184.5% in the 4th quarter. Bank of Montreal Can now owns 90,530 shares of the construction company's stock valued at $11,402,000 after buying an additional 58,712 shares during the last quarter. Invesco Ltd. grew its holdings in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after buying an additional 236,402 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in Toll Brothers in the 4th quarter valued at approximately $17,521,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $125.84 on Thursday. 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 company has a market capitalization of $12.36 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The business has a 50 day simple moving average of $115.21 and a 200 day simple moving average of $111.94.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $3.38 EPS. On average, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of 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 SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction on 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 owned 11,590 shares of the company's stock, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock worth $440,586 in the last 90 days. 1.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on TOL shares. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research report on Tuesday, May 20th. Wells Fargo & Company raised their price objective on Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Oppenheimer reduced their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Finally, Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One investment 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 stock. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and an average price target 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.

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