Toll Brothers Inc. $TOL Position Lessened by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Toll Brothers Inc. by 13.0% in the second quarter, now holding 14,015 shares valued at $1.6 million.
• Toll Brothers reported a 4.3% increase in stock price, with earnings per share of $3.73 exceeding analysts' expectations of $3.59 during their latest earnings release.
• The construction company announced a quarterly dividend of $0.25 per share, with a yield of 0.8%, payable on October 24th.

Blair William & Co. IL trimmed its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,015 shares of the construction company's stock after selling 2,090 shares during the period. Blair William & Co. IL's holdings in Toll Brothers were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC raised its holdings in Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after buying an additional 112 shares in the last quarter. Brooklyn Investment Group raised its holdings in Toll Brothers by 52.8% during 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. Larson Financial Group LLC raised its holdings in Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after buying an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Toll Brothers by 128.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock valued at $37,000 after buying an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Toll Brothers by 218.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after buying an additional 249 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Up 4.3%

TOL stock opened at $133.22 on Wednesday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a market cap of $12.84 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The business's 50-day simple moving average is $136.52 and its 200 day simple moving average is $117.96. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion for 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%.The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $3.60 earnings per share. On average, research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers's payout ratio is presently 7.35%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America cut their target price on Toll Brothers from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, October 10th. Wedbush restated an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a report on Thursday, September 18th. Citigroup raised their target price on Toll Brothers from $138.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, October 1st. Argus lifted their price objective on Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $149.43.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 19,692 shares of the company's stock, valued at approximately $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the sale, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is currently owned by corporate insiders.

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.

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