Quantbot Technologies LP Buys Shares of 2,601 Toll Brothers Inc. $TOL

Key Points

• Quantbot Technologies LP has acquired a new position in Toll Brothers Inc. by purchasing 2,601 shares valued at approximately $275,000 during the first quarter.
• Institutional ownership in Toll Brothers is notably high, with 91.76% of the company's stock controlled by institutional investors and hedge funds.
• Toll Brothers recently reported strong quarterly earnings with $3.73 EPS, surpassing analysts' expectations of $3.59 per share.

Quantbot Technologies LP bought a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,601 shares of the construction company's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group increased its stake in shares of 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 in the last quarter. Affinity Investment Advisors LLC increased its position in Toll Brothers by 19.7% in the first quarter. Affinity Investment Advisors LLC now owns 2,210 shares of the construction company's stock worth $233,000 after purchasing an additional 364 shares during the period. Pinnacle Holdings LLC increased its position in Toll Brothers by 136.0% in the first quarter. Pinnacle Holdings LLC now owns 472 shares of the construction company's stock worth $50,000 after purchasing an additional 272 shares during the period. American Century Companies Inc. increased its position in Toll Brothers by 12.3% in the first quarter. American Century Companies Inc. now owns 254,638 shares of the construction company's stock worth $26,887,000 after purchasing an additional 27,850 shares during the period. Finally, Brandywine Global Investment Management LLC increased its position in Toll Brothers by 20.9% in the first quarter. Brandywine Global Investment Management LLC now owns 152,850 shares of the construction company's stock worth $16,139,000 after purchasing an additional 26,409 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. The trade was a 33.30% decrease in their position. 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 Toll Brothers stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the transaction, the director owned 12,787 shares in the company, valued at $1,474,724.71. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,601 shares of company stock worth $1,726,874. Company insiders own 1.54% of the company's stock.

Toll Brothers Trading Up 0.1%

TOL traded up $0.19 during midday trading on Friday, reaching $139.07. 1,188,115 shares of the company were exchanged, compared to its average volume of 1,624,420. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a market capitalization of $13.65 billion, a P/E ratio of 10.22, a PEG ratio of 0.91 and a beta of 1.33. The stock's 50-day simple moving average is $123.87 and its 200 day simple moving average is $111.74.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter last year, the business earned $3.60 earnings per share. The company's revenue was up 8.0% compared to the same quarter last year. As a group, analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on TOL shares. Wedbush reiterated an "outperform" rating and issued a $165.00 price objective on shares of Toll Brothers in a research report on Tuesday, August 26th. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Royal Bank Of Canada lifted their price objective on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Oppenheimer lowered their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Finally, Bank of America lifted their price objective on Toll Brothers from $132.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $147.85.

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.