Cwm LLC Increases Stake in Toll Brothers Inc. (NYSE:TOL)

CWM LLC boosted its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 91.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,047 shares of the construction company's stock after purchasing an additional 7,668 shares during the quarter. CWM LLC's holdings in Toll Brothers were worth $1,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Financial Security Advisor Inc. purchased a new stake in shares of Toll Brothers during the first quarter valued at $231,000. Ballentine Partners LLC boosted its stake in shares of Toll Brothers by 8.0% during the first quarter. Ballentine Partners LLC now owns 1,989 shares of the construction company's stock valued at $210,000 after purchasing an additional 147 shares during the period. Xponance Inc. boosted its stake in shares of Toll Brothers by 1.0% during the first quarter. Xponance Inc. now owns 11,809 shares of the construction company's stock valued at $1,247,000 after purchasing an additional 120 shares during the period. Fidelis Capital Partners LLC raised its holdings in shares of Toll Brothers by 18.6% in the first quarter. Fidelis Capital Partners LLC now owns 2,395 shares of the construction company's stock valued at $240,000 after acquiring an additional 375 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Toll Brothers by 78.8% in the first quarter. Cerity Partners LLC now owns 38,385 shares of the construction company's stock valued at $4,053,000 after acquiring an additional 16,922 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

Shares of NYSE TOL traded down $0.25 during midday trading on Monday, reaching $116.65. 865,096 shares of the stock were exchanged, compared to its average volume of 1,814,692. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.22 and a beta of 1.36. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm has a 50-day simple moving average of $110.71 and a two-hundred day simple moving average of $112.21. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $3.38 EPS. The business's revenue was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Royal Bank Of Canada decreased their price objective on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Evercore ISI restated an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.85.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen F. East sold 2,500 shares of the firm's 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 completion of the transaction, the director owned 12,787 shares in the company, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,770 shares of company stock worth $440,586 in the last quarter. Corporate insiders own 1.54% of the company's stock.

Toll Brothers 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.