Kaufman Rossin Wealth LLC Buys New Shares in Toll Brothers Inc. $TOL

Key Points

• Kaufman Rossin Wealth LLC has acquired a new stake in Toll Brothers Inc., purchasing 3,773 shares valued at approximately $431,000 during the second quarter.
• Several brokerages have recently increased their price targets for Toll Brothers, with Raymond James setting it at $160.00 and Citigroup at $138.00, indicating a generally optimistic outlook on the stock.
• Toll Brothers declared a quarterly dividend of $0.25 per share to be paid on October 24th, with an annualized yield of 0.7% and a payout ratio of 7.35%.

Kaufman Rossin Wealth LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,773 shares of the construction company's stock, valued at approximately $431,000.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Toll Brothers by 6.5% during the second quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company's stock valued at $169,000 after acquiring an additional 90 shares during the period. Brooklyn Investment Group grew its position in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in Toll Brothers by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after buying an additional 100 shares in the last quarter. J.Safra Asset Management Corp raised its position in shares of Toll Brothers by 6.7% during the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock worth $180,000 after buying an additional 107 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake 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 valued at $221,000 after buying an additional 109 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

NYSE:TOL traded down $0.28 during trading hours on Friday, hitting $139.56. The company's stock had a trading volume of 3,055,508 shares, compared to its average volume of 1,634,464. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The company has a market capitalization of $13.45 billion, a P/E ratio of 10.25, a PEG ratio of 1.66 and a beta of 1.33. The stock has a fifty day simple moving average of $131.63 and a 200-day simple moving average of $114.67.

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

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is currently 7.35%.

Analysts Set New Price Targets

TOL has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Argus boosted their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Citigroup boosted their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and an average price target of $149.79.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the firm's 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 transaction, the director directly owned 12,787 shares of the company's stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,413 shares of company stock worth $5,746,216 over the last quarter. 1.54% of the stock is currently owned by corporate insiders.

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.