Lyell Wealth Management LP Has $8.81 Million Stock Position in Toll Brothers Inc. $TOL

Key Points

• Lyell Wealth Management LP has increased its stake in Toll Brothers Inc. by 12.0%, holding approximately $8.8 million worth of shares as of its recent SEC filing.
• Several institutional investors, including Dimensional Fund Advisors and Goldman Sachs Group, have also increased their ownership in Toll Brothers, which is currently 91.76% held by institutional investors.
• Toll Brothers recently reported an EPS of $3.73 for the last quarter, exceeding analysts' expectations, along with a quarterly revenue of $2.95 billion, which marks an 8% increase year-over-year.

Lyell Wealth Management LP increased its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,178 shares of the construction company's stock after purchasing an additional 8,276 shares during the quarter. Lyell Wealth Management LP owned approximately 0.08% of Toll Brothers worth $8,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. increased its position in Toll Brothers by 0.7% in the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company's stock worth $639,347,000 after purchasing an additional 39,334 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Toll Brothers by 21.0% during the 1st 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 during the period. AQR Capital Management LLC grew its position in shares of Toll Brothers by 17.1% during the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company's stock worth $146,572,000 after buying an additional 208,064 shares during the period. Long Pond Capital LP acquired a new position in shares of Toll Brothers during the 1st quarter worth about $117,870,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Toll Brothers by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company's stock worth $115,217,000 after buying an additional 67,156 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the sale, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. The trade was a 33.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares in the company, valued at $39,558,536.42. The trade was a 8.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,643 shares of company stock worth $5,305,630. Corporate insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TOL. Bank of America decreased their target price on Toll Brothers from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, October 10th. Wells Fargo & Company boosted their target price on Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Weiss Ratings restated a "hold (c+)" rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.43.

Toll Brothers Trading Up 1.0%

NYSE:TOL opened at $135.75 on Monday. The stock has a market capitalization of $13.08 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The business's 50-day simple moving average is $137.06 and its 200-day simple moving average is $118.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. 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 released its earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $3.60 EPS. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

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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