Private Advisory Group LLC Purchases Shares of 56,655 Toll Brothers Inc. (NYSE:TOL)

Key Points

• Private Advisory Group LLC invested approximately $5.98 million in Toll Brothers, acquiring 56,655 shares during the first quarter.
• In the last quarter, other hedge funds significantly increased their holdings in Toll Brothers, with Balyasny Asset Management raising its position by over 24,000%.
• Toll Brothers reported earnings of $3.50 per share, exceeding analyst expectations and generating a revenue of $2.74 billion for the quarter.

Private Advisory Group LLC 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 56,655 shares of the construction company's stock, valued at approximately $5,982,000. Private Advisory Group LLC owned about 0.06% of Toll Brothers at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC boosted its stake in Toll Brothers by 84.2% in the first 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 last quarter. Larson Financial Group LLC boosted its stake 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 acquiring an additional 177 shares during the last quarter. Quarry LP boosted its stake in Toll Brothers by 1,035.7% in the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after acquiring an additional 290 shares during the last quarter. Bessemer Group Inc. boosted its stake in Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after acquiring an additional 104 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Toll Brothers by 415.0% in the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after acquiring an additional 415 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Down 1.0%

Shares of NYSE:TOL traded down $1.17 during midday trading on Thursday, reaching $118.28. 1,230,506 shares of the company were exchanged, compared to its average volume of 1,560,916. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $113.33 and a two-hundred day simple moving average of $112.23. The firm has a market cap of $11.61 billion, a PE ratio of 8.77, a P/E/G ratio of 1.24 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business posted $3.38 earnings per share. The firm's quarterly revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current 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 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.42%.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Garvey sold 770 shares of Toll Brothers 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 sale, the director 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 disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock worth $440,586 over the last ninety days. Company insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

TOL has been the topic of a number of recent research reports. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their price target on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.85.

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.