Maxi Investments CY Ltd Acquires New Holdings in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Maxi Investments CY Ltd has acquired 18,761 shares of Toll Brothers Inc., valued at approximately $1.98 million, during the first quarter.
• Toll Brothers reported a quarterly earnings per share (EPS) of $3.50, significantly exceeding analysts' estimates, with revenue reaching $2.74 billion.
• The company has declared a quarterly dividend of $0.25 per share, with a dividend yield of 0.8% and a payout ratio of 7.42%.

Maxi Investments CY Ltd purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 18,761 shares of the construction company's stock, valued at approximately $1,981,000.

A number of other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in shares of 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 purchasing an additional 112 shares during the period. Larson Financial Group LLC raised its position in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. Quarry LP lifted its holdings in Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after buying an additional 290 shares during the period. Bessemer Group Inc. increased its stake in shares of Toll Brothers by 46.6% during the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after buying an additional 104 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in shares of Toll Brothers by 415.0% during the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after acquiring an additional 415 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 770 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director directly owned 11,590 shares of the company's stock, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the sale, the chief accounting officer owned 2,439 shares in the company, valued at approximately $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 over the last 90 days. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Stock Down 0.0%

Shares of NYSE TOL traded down $0.03 during trading on Thursday, reaching $125.84. The company had a trading volume of 1,143,587 shares, compared to its average volume of 1,549,793. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. 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 business's 50-day moving average is $115.62 and its 200 day moving average is $111.88. The stock has a market cap of $12.36 billion, a PE ratio of 9.34, a P/E/G ratio of 1.31 and a beta of 1.33.

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

Toll Brothers Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Wall Street Analysts Forecast Growth

TOL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. 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 research report on Friday, May 16th. Evercore ISI restated an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Wedbush restated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $142.23.

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.