JT Stratford LLC Lowers Stock Position in Toll Brothers Inc. $TOL

Key Points

• JT Stratford LLC reduced its stake in Toll Brothers Inc. by 26.3%, after selling 3,054 shares, leaving it with 8,580 shares valued at $906,000.
• Several institutional investors increased their holdings in Toll Brothers, with Mitsubishi UFJ Asset Management boosting its stake by 218.4% during the 1st quarter.
• The most recent earnings report showed that Toll Brothers exceeded expectations, reporting $3.73 EPS and revenues of $2.95 billion, up 8% year-over-year.

JT Stratford LLC decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 26.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,580 shares of the construction company's stock after selling 3,054 shares during the quarter. JT Stratford LLC's holdings in Toll Brothers were worth $906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greenhaven Associates Inc. boosted its stake in Toll Brothers by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock worth $587,353,000 after buying an additional 26,079 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Toll Brothers by 21.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock worth $227,988,000 after buying an additional 375,372 shares in the last quarter. AQR Capital Management LLC boosted its stake in Toll Brothers by 24.6% in the fourth quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after buying an additional 239,917 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock worth $140,400,000 after buying an additional 1,110,192 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock worth $102,907,000 after buying an additional 583,940 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. The trade was a 33.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christine Garvey sold 770 shares of the business's 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 sale, the director owned 11,590 shares of the company's stock, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,601 shares of company stock valued at $1,726,874. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Performance

NYSE TOL traded up $7.6370 during trading hours on Friday, hitting $139.2170. The company's stock had a trading volume of 2,902,576 shares, compared to its average volume of 1,534,636. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company's 50 day simple moving average is $120.67 and its two-hundred day simple moving average is $111.47. The company has a market cap of $13.67 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.86 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.44.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 EPS. As a group, sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's payout ratio is currently 7.35%.

Analyst Ratings Changes

Several brokerages have issued reports on TOL. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Oppenheimer cut their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Evercore ISI restated an "outperform" rating and issued a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.54.

About Toll Brothers

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.