Magnetar Financial LLC Makes New $390,000 Investment in Toll Brothers Inc. $TOL

Key Points

• Magnetar Financial LLC acquired a new stake in Toll Brothers Inc. consisting of 3,692 shares, valued at approximately $390,000, as reported in its recent SEC filing.
• Toll Brothers reported earnings per share (EPS) of $3.73 for the latest quarter, exceeding analysts' expectations of $3.59, with a revenue of $2.95 billion, up 8% year-over-year.
• The company's quarterly dividend of $0.25 per share reflects a 0.7% yield, with a current payout ratio of 7.35% and a strong institutional ownership rate of 91.76%.

Magnetar Financial LLC acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,692 shares of the construction company's stock, valued at approximately $390,000.

Other large investors have also made changes to their positions in the company. Trail Ridge Investment Advisors LLC grew its position in shares of Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after purchasing an additional 132 shares during the period. Left Brain Wealth Management LLC acquired a new position in shares of Toll Brothers during the 1st quarter worth approximately $317,000. MQS Management LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth approximately $649,000. Financial Security Advisor Inc. acquired a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $231,000. Finally, Concurrent Investment Advisors LLC bought a new position in Toll Brothers in the 1st quarter valued at about $227,000. Institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Up 1.3%

Shares of Toll Brothers stock traded up $1.83 on Friday, hitting $147.24. The stock had a trading volume of 2,739,985 shares, compared to its average volume of 1,787,973. The stock has a 50 day moving average of $126.11 and a 200 day moving average of $112.30. The firm has a market capitalization of $14.19 billion, a P/E ratio of 10.82, a PEG ratio of 0.93 and a beta of 1.33. 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 quick ratio of 0.51 and a current ratio of 4.38.

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, beating the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company 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 business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is currently 7.35%.

Insider Activity

In related news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company'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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,601 shares of company stock worth $5,183,374. 1.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TOL has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Wedbush reiterated an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a research report on Friday. Evercore ISI restated an "outperform" rating and issued a $169.00 target price (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Bank of America raised their target price on Toll Brothers from $132.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods lifted their price target on Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. Two 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.07.

Toll Brothers 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.