Keeler Thomas Management LLC Has $1.04 Million Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Keeler Thomas Management LLC reduced its stake in Toll Brothers Inc. by 60.8% in Q1, holding $1.04 million in stock after selling over 15,000 shares.
• Institutions own 91.76% of Toll Brothers' stock, with several hedge funds increasing their positions significantly in the fourth quarter.
• Toll Brothers reported $3.50 earnings per share, exceeding estimates, and announced a quarterly dividend of $0.25, reflecting a 0.8% yield.

Keeler Thomas Management LLC decreased its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 60.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,805 shares of the construction company's stock after selling 15,207 shares during the quarter. Keeler Thomas Management LLC's holdings in Toll Brothers were worth $1,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peapack Gladstone Financial Corp boosted its position in shares of Toll Brothers by 5.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after buying an additional 100 shares during the period. FMR LLC boosted its position in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after acquiring an additional 410,394 shares during the period. Bank of Montreal Can grew its stake in Toll Brothers by 184.5% during the 4th quarter. Bank of Montreal Can now owns 90,530 shares of the construction company's stock valued at $11,402,000 after acquiring an additional 58,712 shares in the last quarter. Invesco Ltd. increased its holdings in shares of 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 purchasing an additional 236,402 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $17,521,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Oppenheimer decreased their target price 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. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Finally, Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.23.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CAO Michael J. Grubb sold 500 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. This trade represents a 6.23% 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 in the last quarter. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $125.84 on Thursday. The firm has a market capitalization of $12.36 billion, a PE ratio of 9.34, a PEG ratio of 1.32 and a beta of 1.33. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year 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 firm's fifty day simple moving average is $115.21 and its 200 day simple moving average is $111.94.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm 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%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.38 EPS. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

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

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.

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