Scientech Research LLC Buys Shares of 12,067 Toll Brothers Inc. $TOL

Key Points

• Scientech Research LLC acquired a new stake in Toll Brothers Inc. valued at approximately $1.27 million, purchasing 12,067 shares during the first quarter.
• Analysts have revised their price targets, with Citigroup increasing theirs from $134 to $138 and Bank of America raising theirs from $132 to $145 while maintaining a "buy" rating.
• Toll Brothers recently reported quarterly earnings of $3.73 per share, exceeding expectations, with a revenue increase of 8% year-over-year.

Scientech Research LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,067 shares of the construction company's stock, valued at approximately $1,274,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. Greenhaven Associates Inc. raised its stake in Toll Brothers by 0.5% during the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock worth $587,353,000 after acquiring an additional 26,079 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Toll Brothers by 21.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock valued at $227,988,000 after purchasing an additional 375,372 shares during the period. AQR Capital Management LLC raised its holdings in shares of Toll Brothers by 17.1% in the first quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company's stock valued at $146,572,000 after buying an additional 208,064 shares during the last quarter. Long Pond Capital LP acquired a new stake in shares of Toll Brothers during the first quarter worth about $117,870,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Toll Brothers by 149.5% during the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock worth $102,907,000 after buying an additional 583,940 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of TOL stock traded up $3.89 during midday trading on Thursday, reaching $147.09. 1,409,246 shares of the company traded hands, compared to its average volume of 1,783,270. The firm's 50 day simple moving average is $128.43 and its two-hundred day simple moving average is $113.13. The firm has a market cap of $14.18 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $3.60 EPS. On average, equities research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TOL shares. Oppenheimer decreased 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. Keefe, Bruyette & Woods boosted their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Argus raised their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus price target of $149.07.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Parahus sold 9,831 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. This trade represents a 33.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,413 shares of company stock worth $5,746,216 in the last 90 days. Insiders own 1.54% of the company's stock.

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.