Unisphere Establishment Makes New Investment in Toll Brothers Inc. $TOL

Key Points

• Unisphere Establishment has acquired 47,000 shares of Toll Brothers Inc., valued at approximately $4,963,000, indicating growing interest in the company's stock among institutional investors.
• Toll Brothers reported a Q1 EPS of $3.73, surpassing analysts' expectations, with revenue of $2.95 billion, an increase of 8.0% year-over-year.
• The company recently declared a quarterly dividend of $0.25 per share, yielding 0.7%, with a payout ratio of 7.35%, reflecting its commitment to returning value to shareholders.

Unisphere Establishment acquired a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 47,000 shares of the construction company's stock, valued at approximately $4,963,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in Toll Brothers by 84.2% in 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 lifted its position in shares of Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased 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 worth $38,000 after buying an additional 249 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in Toll Brothers during the first quarter worth $42,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Ratings Changes

TOL has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Oppenheimer cut their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.07.

Insiders Place Their Bets

In related news, CAO Michael J. Grubb sold 500 shares of the business's 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 approximately $292,680. The trade was a 17.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company's stock in a transaction dated 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 owned 286,117 shares in the company, valued at approximately $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,601 shares of company stock worth $5,183,374 in the last ninety days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Trading Up 1.3%

NYSE:TOL traded up $1.83 on Friday, reaching $147.24. 2,739,985 shares of the stock traded hands, compared to its average volume of 1,787,973. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.33. The company's 50 day moving average is $126.77 and its 200-day moving average is $112.47. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm posted $3.60 EPS. Toll Brothers's revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's payout ratio is currently 7.35%.

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.