Toll Brothers Inc. (NYSE:TOL) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,544 shares of the construction company's stock after acquiring an additional 4,434 shares during the quarter. Private Advisor Group LLC's holdings in Toll Brothers were worth $4,598,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. grew its stake in shares of Toll Brothers by 0.5% during the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock valued at $587,353,000 after buying an additional 26,079 shares during the last quarter. FMR LLC grew its stake in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after purchasing an additional 410,394 shares in the last quarter. Geode Capital Management LLC grew its stake in Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Invesco Ltd. grew its stake in Toll Brothers by 14.2% in the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock worth $239,751,000 after purchasing an additional 236,402 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Toll Brothers by 24.6% in the fourth quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after purchasing an additional 239,917 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael J. Grubb sold 500 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the sale, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,770 shares of company stock valued at $440,586. Company insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of NYSE TOL traded down $4.45 during mid-day trading on Thursday, hitting $122.30. The stock had a trading volume of 995,607 shares, compared to its average volume of 1,817,458. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The company has a 50 day moving average of $111.66 and a two-hundred day moving average of $112.34. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm has a market cap of $12.01 billion, a PE ratio of 9.08, a PEG ratio of 1.32 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $3.38 EPS. The firm's revenue was down 3.5% on a year-over-year basis. Research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

Analysts Set New Price Targets

TOL has been the topic of several research analyst reports. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Oppenheimer dropped their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Wells Fargo & Company increased their price objective on Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, UBS Group restated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.