Lyell Wealth Management LP Purchases 21,553 Shares of Toll Brothers Inc. (NYSE:TOL)

Lyell Wealth Management LP lifted its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 45.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,902 shares of the construction company's stock after acquiring an additional 21,553 shares during the period. Lyell Wealth Management LP owned about 0.07% of Toll Brothers worth $7,275,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Private Advisory Group LLC purchased a new position in Toll Brothers during the first quarter valued at approximately $5,982,000. SlateStone Wealth LLC grew its position in Toll Brothers by 3.7% in the first quarter. SlateStone Wealth LLC now owns 37,592 shares of the construction company's stock worth $3,969,000 after acquiring an additional 1,332 shares in the last quarter. De Lisle Partners LLP grew its stake in Toll Brothers by 5.6% in the 1st quarter. De Lisle Partners LLP now owns 95,000 shares of the construction company's stock valued at $10,032,000 after buying an additional 5,000 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Toll Brothers in the 1st quarter valued at $1,668,000. Finally, Meeder Advisory Services Inc. grew its stake in Toll Brothers by 5.5% in the 1st 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 during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In related news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the transaction, the director directly owned 12,787 shares of the company's stock, valued at $1,474,724.71. This trade represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers 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 transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at $292,680. This represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock valued at $440,586 in the last ninety days. Insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research analyst reports. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Evercore ISI reissued an "outperform" rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Keefe, Bruyette & Woods reduced their price target on shares of 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, Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.85.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $1.17 during midday trading on Thursday, reaching $118.28. 1,230,506 shares of the company's stock were exchanged, compared to its average volume of 1,560,916. The company's 50 day simple moving average is $113.33 and its two-hundred day simple moving average is $112.23. The firm has a market capitalization of $11.61 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS. Equities research 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 declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is currently 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.