NorthRock Partners LLC Purchases Shares of 2,578 Toll Brothers Inc. $TOL

Key Points

• NorthRock Partners LLC acquired 2,578 shares of Toll Brothers Inc, valued at approximately $294,000, in the 2nd quarter, highlighting increased investor interest in the company.
• Insiders, including CEO Douglas C. Jr. Yearley, sold significant amounts of stock recently, with Yearley selling 25,000 shares for over $3.4 million, indicating possible shifts in insider sentiment.
• The company's latest earnings report showed an EPS of $3.73, beating estimates, and a revenue increase of 8% year-over-year, reinforcing strong performance amid ongoing market demand for housing.

NorthRock Partners LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,578 shares of the construction company's stock, valued at approximately $294,000.

Several other large investors have also recently bought and sold shares of the company. Long Pond Capital LP bought a new stake in shares of Toll Brothers during the 1st quarter worth $117,870,000. Victory Capital Management Inc. lifted its holdings in shares of Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock worth $102,907,000 after acquiring an additional 583,940 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock worth $227,988,000 after acquiring an additional 375,372 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth $28,720,000. Finally, Amundi lifted its holdings in shares of Toll Brothers by 429.1% during the 1st quarter. Amundi now owns 316,888 shares of the construction company's stock worth $31,179,000 after acquiring an additional 256,996 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,643 shares of company stock worth $5,305,630. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Price Performance

TOL stock opened at $134.37 on Friday. The firm's 50-day moving average price is $136.86 and its two-hundred day moving average price is $118.28. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.59 and a beta of 1.40. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data 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. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter in the previous year, the company earned $3.60 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's payout ratio is presently 7.35%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TOL shares. Argus lifted their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Royal Bank Of Canada boosted their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Evercore ISI reissued an "in-line" rating and issued a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Citigroup boosted their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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