Northstar Advisory Group LLC Makes New $998,000 Investment in Toll Brothers Inc. $TOL

Key Points

• Northstar Advisory Group LLC invested approximately $998,000 in Toll Brothers Inc. by acquiring 8,741 shares during the second quarter.
• Analysts have upgraded Toll Brothers with multiple firms, including Wells Fargo and Royal Bank of Canada, increasing their price targets significantly, reflecting a positive sentiment towards the stock.
• The company recently reported better-than-expected quarterly earnings and announced a $0.25 per share dividend, indicating a strong financial performance and commitment to returning value to shareholders.

Northstar Advisory Group LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,741 shares of the construction company's stock, valued at approximately $998,000.

A number of other institutional investors have also recently made changes to their positions in the company. Greenhaven Associates Inc. grew its position in shares of Toll Brothers by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company's stock valued at $639,347,000 after purchasing an additional 39,334 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Toll Brothers by 21.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock valued at $227,988,000 after purchasing an additional 375,372 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Toll Brothers by 17.1% during the first quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company's stock valued at $146,572,000 after purchasing an additional 208,064 shares in the last quarter. Long Pond Capital LP purchased a new position in shares of Toll Brothers during the first quarter valued at about $117,870,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company's stock valued at $115,217,000 after purchasing an additional 67,156 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent research reports. Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Royal Bank Of Canada raised their price objective 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. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $149.07.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 770 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the transaction, the director owned 12,787 shares of the company's stock, valued at $1,474,724.71. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,413 shares of company stock valued at $5,746,216 over the last ninety days. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of TOL opened at $143.48 on Monday. The firm has a market capitalization of $13.83 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company's fifty day moving average price is $129.56 and its 200-day moving average price is $113.61.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The firm 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%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.60 earnings per share. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm 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. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers's payout ratio is currently 7.35%.

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.

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