Paradiem LLC Invests $3.36 Million in Toll Brothers Inc. (NYSE:TOL)

Paradiem LLC bought a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,833 shares of the construction company's stock, valued at approximately $3,361,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Union Bancaire Privee UBP SA bought a new stake in Toll Brothers during the 4th quarter worth approximately $15,253,000. Blue Trust Inc. grew its holdings in Toll Brothers by 136.3% during the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company's stock worth $105,000 after buying an additional 481 shares in the last quarter. Principal Securities Inc. grew its holdings in Toll Brothers by 25.2% during the fourth quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock worth $68,000 after buying an additional 109 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Toll Brothers by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,223 shares of the construction company's stock worth $406,000 after acquiring an additional 169 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Toll Brothers by 47.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,028 shares of the construction company's stock worth $129,000 after acquiring an additional 332 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Up 2.9%

Toll Brothers stock opened at $108.54 on Friday. The firm has a 50 day moving average price of $103.58 and a 200-day moving average price of $114.70. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a market capitalization of $10.66 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.13 and a beta of 1.35. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company posted $3.38 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

Wall Street Analyst Weigh In

TOL has been the subject of several recent analyst reports. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wells Fargo & Company reduced their price objective on shares of Toll Brothers from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, June 3rd. Oppenheimer reduced their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 target price (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.08.

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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