Nuveen LLC Makes New Investment in Toll Brothers Inc. $TOL

Key Points

• Nuveen LLC has acquired a new position in Toll Brothers Inc., purchasing 230,174 shares valued at approximately $24.3 million, representing about 0.23% of the company's stock.
• In recent trading, Toll Brothers reported $3.50 earnings per share (EPS) for the last quarter, surpassing consensus estimates, although the company's revenue decreased by 3.5% from the previous year.
• The company announced a quarterly dividend of $0.25, resulting in an annualized dividend yield of 0.8% based on its current stock performance.

Nuveen LLC bought a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 230,174 shares of the construction company's stock, valued at approximately $24,304,000. Nuveen LLC owned about 0.23% of Toll Brothers as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after purchasing an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Toll Brothers by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock valued at $2,619,000 after acquiring an additional 100 shares during the period. J.Safra Asset Management Corp boosted its holdings in Toll Brothers by 6.7% during the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock valued at $180,000 after acquiring an additional 107 shares during the period. Meeder Advisory Services Inc. boosted its holdings in Toll Brothers by 5.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock valued at $221,000 after acquiring an additional 109 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after acquiring an additional 112 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In other news, CAO Michael J. Grubb sold 500 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer owned 2,439 shares of the company's stock, valued at approximately $292,680. This represents a 17.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen F. East sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the transaction, the director directly owned 12,787 shares of the company's stock, valued at $1,474,724.71. This represents a 16.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,770 shares of company stock valued at $440,586. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Trading Up 0.6%

TOL opened at $131.31 on Tuesday. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 1.36 and a beta of 1.33. The business has a 50 day simple moving average of $118.78 and a two-hundred day simple moving average of $111.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44.

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

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.25 dividend. 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 is currently 7.42%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TOL shares. Raymond James Financial restated a "strong-buy" rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Royal Bank Of Canada dropped their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Oppenheimer dropped their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Evercore ISI restated an "outperform" rating and set a $169.00 target price (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Finally, Barclays restated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $142.23.

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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