Left Brain Wealth Management LLC Makes New $317,000 Investment in Toll Brothers Inc. (NYSE:TOL)

Left Brain Wealth Management LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,000 shares of the construction company's stock, valued at approximately $317,000.

A number of other institutional investors have also recently added to or reduced their stakes in TOL. Sound Income Strategies LLC boosted its holdings in Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after buying an additional 112 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers during the fourth quarter worth about $27,000. Quarry LP boosted its holdings in Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after buying an additional 290 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Toll Brothers by 46.6% during the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock worth $41,000 after buying an additional 104 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Toll Brothers by 415.0% during the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock worth $54,000 after buying an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 1.3%

Shares of NYSE:TOL traded down $1.65 during trading on Friday, reaching $120.98. The stock had a trading volume of 1,766,657 shares, compared to its average volume of 1,610,655. The business has a fifty day moving average price of $109.33 and a 200-day moving average price of $112.63. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.88 billion, a P/E ratio of 8.97, a PEG ratio of 1.26 and a beta of 1.36. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

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

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of Toll Brothers from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their price target on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.85.

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.