6,515 Shares in Toll Brothers Inc. $TOL Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new position in Toll Brothers Inc., purchasing 6,515 shares valued at approximately $685,000.
• Toll Brothers reported a quarterly earnings per share (EPS) of $3.73, surpassing expectations, with revenue reaching $2.95 billion, an 8% increase year-over-year.
• The company's stock has seen increased interest from institutional investors, with 91.76% of shares owned by hedge funds and other institutions.

United Services Automobile Association acquired a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,515 shares of the construction company's stock, valued at approximately $685,000.

A number of other large investors have also recently added to or reduced their stakes in TOL. Brooklyn Investment Group lifted its position in Toll Brothers by 52.8% during 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 during the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Toll Brothers by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after purchasing an additional 100 shares during the period. J.Safra Asset Management Corp lifted its position in shares of Toll Brothers by 6.7% during the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company's stock worth $180,000 after purchasing an additional 107 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in Toll Brothers by 5.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,094 shares of the construction company's stock valued at $221,000 after purchasing an additional 109 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares during the period. Institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

TOL has been the subject of several research reports. Citigroup increased their price objective on Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. UBS Group restated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Toll Brothers in a research report on Friday, September 5th. Royal Bank Of Canada lifted their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Barclays restated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. 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 given a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.07.

Toll Brothers Price Performance

NYSE:TOL traded down $3.47 during mid-day trading on Friday, hitting $143.48. The company's stock had a trading volume of 975,257 shares, compared to its average volume of 1,807,067. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $129.56 and a 200-day moving average of $113.58. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 0.97 and a beta of 1.33. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data 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. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company posted $3.60 EPS. The company's revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Shapiro sold 3,812 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares of the company's stock, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,413 shares of company stock valued at $5,746,216 in the last 90 days. 1.54% of the stock is owned by corporate insiders.

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.