Sequoia Financial Advisors LLC Buys 2,546 Shares of Toll Brothers Inc. $TOL

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Toll Brothers Inc. by 123.8% during the 2nd quarter, now owning 4,602 shares valued at approximately $525,000.
• In its most recent earnings report, Toll Brothers exceeded analyst expectations by posting $3.73 earnings per share, alongside a revenue increase to $2.95 billion, up 8.0% year-over-year.
• The company recently declared a quarterly dividend of $0.25 per share, to be paid on October 24th, resulting in an annualized dividend yield of 0.7%.

Sequoia Financial Advisors LLC lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 123.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,602 shares of the construction company's stock after acquiring an additional 2,546 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Toll Brothers were worth $525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TOL. Long Pond Capital LP bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $117,870,000. Victory Capital Management Inc. boosted its stake in shares of Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock worth $102,907,000 after acquiring an additional 583,940 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock worth $227,988,000 after acquiring an additional 375,372 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $28,720,000. Finally, Amundi boosted its stake in shares of Toll Brothers by 429.1% during the 1st quarter. Amundi now owns 316,888 shares of the construction company's stock worth $31,179,000 after acquiring an additional 256,996 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $135.75 on Tuesday. The stock has a market capitalization of $13.08 billion, a PE ratio of 9.97, a P/E/G ratio of 1.61 and a beta of 1.40. 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 business has a fifty day moving average price of $137.29 and a two-hundred day moving average price of $118.95. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced 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 analysts' expectations of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.60 EPS. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers's payout ratio is currently 7.35%.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director owned 118,753 shares of the company's stock, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the transaction, the chief operating officer directly owned 19,692 shares of the company's stock, 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 38,643 shares of company stock valued at $5,305,630 in the last three months. Corporate insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TOL. Weiss Ratings reiterated a "hold (c+)" rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Keefe, Bruyette & Woods boosted their price target on Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. Evercore ISI restated an "in-line" rating and issued a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Finally, Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.43.

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.

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