Moran Wealth Management LLC Sells 3,631 Shares of Toll Brothers Inc. $TOL

Key Points

• Moran Wealth Management LLC sold 3,631 shares of Toll Brothers, decreasing its holdings by 10.1%, leaving it with 32,312 shares valued at approximately $3.69 million.
• Insider transactions include Director Paul E. Shapiro and COO Robert Parahus selling significant portions of their stakes, which reflects a decrease in their ownership of the stock.
• Toll Brothers recently declared a quarterly dividend of $0.25, equating to a yield of 0.7%, with a dividend payout ratio of 7.35%.

Moran Wealth Management LLC trimmed its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,312 shares of the construction company's stock after selling 3,631 shares during the quarter. Moran Wealth Management LLC's holdings in Toll Brothers were worth $3,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Toll Brothers by 60.3% in the first quarter. Farther Finance Advisors LLC now owns 1,395 shares of the construction company's stock worth $147,000 after purchasing an additional 525 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Toll Brothers by 84.2% in the 1st 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. Insigneo Advisory Services LLC boosted its holdings in shares of Toll Brothers by 13.5% in the first quarter. Insigneo Advisory Services LLC now owns 2,258 shares of the construction company's stock worth $238,000 after buying an additional 268 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Toll Brothers by 3.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 5,948 shares of the construction company's stock valued at $628,000 after buying an additional 218 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Toll Brothers by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 11,706 shares of the construction company's stock valued at $1,236,000 after buying an additional 190 shares during the period. Institutional investors own 91.76% of the company's stock.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the transaction, the director directly owned 118,753 shares of the company's stock, valued at approximately $17,533,880.45. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Parahus sold 9,831 shares of the firm's stock in a transaction 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 transaction, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,643 shares of company stock worth $5,305,630 in the last 90 days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Trading Up 0.8%

TOL stock opened at $134.38 on Thursday. The firm has a fifty day moving average price of $136.69 and a 200 day moving average price of $118.08. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm has a market cap of $12.95 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.58 and a beta of 1.40. 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 issued its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers's dividend payout ratio (DPR) is currently 7.35%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial reissued a "strong-buy" rating and set a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Keefe, Bruyette & Woods boosted their price objective 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. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Evercore ISI reaffirmed an "in-line" rating and set a $160.00 price target (down previously from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Finally, Argus increased their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average target price of $149.43.

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.

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.