MAI Capital Management Has $724,000 Stock Position in Toll Brothers Inc. $TOL

Key Points

• MAI Capital Management significantly reduced its position in Toll Brothers Inc. by 78.4% in the first quarter, now holding 6,857 shares valued at approximately $724,000.
• Despite MAI's sell-off, other institutional investors like Baird Financial Group and Canada Pension Plan Investment Board increased their stakes in Toll Brothers, indicating ongoing interest in the company.
• Toll Brothers recently announced a quarterly dividend of $0.25 per share, resulting in a 0.7% dividend yield and reflecting its ongoing financial health amidst changes in investment positions.

MAI Capital Management cut its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 78.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,857 shares of the construction company's stock after selling 24,921 shares during the quarter. MAI Capital Management's holdings in Toll Brothers were worth $724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Baird Financial Group Inc. lifted its position in shares of Toll Brothers by 74.0% in the first quarter. Baird Financial Group Inc. now owns 29,681 shares of the construction company's stock worth $3,134,000 after purchasing an additional 12,626 shares in the last quarter. Vident Advisory LLC lifted its position in Toll Brothers by 30.0% in the 1st quarter. Vident Advisory LLC now owns 15,224 shares of the construction company's stock worth $1,608,000 after buying an additional 3,510 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Toll Brothers during the 1st quarter valued at $390,000. Canada Pension Plan Investment Board grew its holdings in shares of Toll Brothers by 46.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 74,700 shares of the construction company's stock valued at $7,888,000 after acquiring an additional 23,700 shares in the last quarter. Finally, Eisler Capital Management Ltd. purchased a new position in shares of Toll Brothers during the 1st quarter valued at $16,629,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction 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. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers 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 completion of the transaction, the chief operating officer directly owned 19,692 shares in the company, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,601 shares of company stock worth $5,183,374 in the last ninety days. 1.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research reports. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada raised their price target on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Citigroup boosted their price target on Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods increased their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Finally, Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $147.85.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $140.73 on Thursday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $125.48 and a 200-day simple moving average of $112.15. The stock has a market capitalization of $13.56 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.91 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.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. Toll Brothers's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $3.60 EPS. On average, sell-side analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is currently 7.35%.

Toll Brothers Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.