Petrus Trust Company LTA Buys New Shares in Toll Brothers Inc. $TOL

Key Points

• Petrus Trust Company LTA has acquired a new stake in Toll Brothers Inc., purchasing 2,894 shares valued at approximately $306,000.
• Several institutional investors significantly increased their holdings in Toll Brothers during the first quarter, with notable raises including Mitsubishi UFJ Asset Management increasing their position by 218.4%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Toll Brothers, with price targets raised by multiple firms, including Citigroup and Wells Fargo, reflecting positive sentiment in the market.

Petrus Trust Company LTA purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,894 shares of the construction company's stock, valued at approximately $306,000.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after buying an additional 94 shares during the period. Larson Financial Group LLC lifted its holdings in Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after buying an additional 177 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after buying an additional 249 shares during the period. Finally, Operose Advisors LLC acquired a new position in Toll Brothers in the first quarter valued at approximately $42,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,812 shares of the firm's stock in a transaction 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 sale, the director directly owned 118,753 shares in the company, valued at $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 is available at this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was 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 quarter. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Down 2.4%

TOL traded down $3.47 during mid-day trading on Friday, hitting $143.48. The stock had a trading volume of 975,255 shares, compared to its average volume of 1,781,204. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The stock's fifty day simple moving average is $129.03 and its 200-day simple moving average is $113.38. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping 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 business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the business posted $3.60 earnings per share. The firm's quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Argus increased their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the company a "buy" rating in a report on Friday, September 5th. UBS Group restated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wedbush reiterated an "outperform" rating and issued a $165.00 target price on shares of Toll Brothers in a report on Friday, September 5th. Finally, Barclays reiterated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and a consensus target price of $149.07.

Toll Brothers Company 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.