Livforsakringsbolaget Skandia Omsesidigt Has $3.49 Million Stake in Toll Brothers Inc. $TOL

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Toll Brothers by 21.4%, owning 30,600 shares valued at approximately $3.5 million.
• Toll Brothers reported earnings of $3.73 per share, exceeding estimates, with a revenue of $2.95 billion for the recent quarter, reflecting an 8% year-over-year growth.
• The company declared a quarterly dividend of $0.25 per share, with a payout ratio of 7.35%, which will be paid on October 24th.

Livforsakringsbolaget Skandia Omsesidigt grew its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 21.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,600 shares of the construction company's stock after acquiring an additional 5,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Toll Brothers were worth $3,492,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brooklyn Investment Group lifted its stake in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after acquiring an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Toll Brothers by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after acquiring an additional 100 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in Toll Brothers by 6.7% in the first quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock valued at $180,000 after purchasing an additional 107 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in Toll Brothers by 5.5% in the first quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock valued at $221,000 after buying an additional 109 shares in the last quarter. Finally, Sound Income Strategies LLC boosted 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 worth $26,000 after purchasing an additional 112 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the transaction, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 770 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Down 0.2%

TOL traded down $0.28 during midday trading on Friday, hitting $139.56. The company had a trading volume of 3,055,508 shares, compared to its average volume of 1,626,893. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.92 and a beta of 1.33. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The stock's 50 day moving average price is $131.63 and its 200 day moving average price is $114.67.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.60 EPS. On average, research analysts anticipate 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. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers's dividend payout ratio (DPR) is presently 7.35%.

Analysts Set New Price Targets

TOL has been the topic of a number of recent analyst reports. Argus boosted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Citigroup increased their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Keefe, Bruyette & Woods lifted their target price 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. Wedbush reiterated an "outperform" rating and set a $165.00 price target on shares of Toll Brothers in a report on Thursday. Finally, Bank of America lifted their price target on Toll Brothers from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $149.79.

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.