Vident Advisory LLC Purchases 3,510 Shares of Toll Brothers Inc. $TOL

Key Points

• Vident Advisory LLC increased its holdings in Toll Brothers Inc. by 30%, now owning 15,224 shares valued at approximately $1.6 million.
• Analysts have set a consensus target price of $147.85 for Toll Brothers, reflecting a mix of ratings including two Strong Buy and seven Buy ratings.
• Toll Brothers reported a quarterly earnings per share of $3.73, surpassing analysts' expectations and marking an 8% increase in revenue year-over-year.

Vident Advisory LLC grew its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 30.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,224 shares of the construction company's stock after buying an additional 3,510 shares during the period. Vident Advisory LLC's holdings in Toll Brothers were worth $1,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $390,000. Canada Pension Plan Investment Board boosted its position in shares of Toll Brothers by 46.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 74,700 shares of the construction company's stock worth $7,888,000 after purchasing an additional 23,700 shares during the last quarter. Eisler Capital Management Ltd. bought a new position in shares of Toll Brothers in the 1st quarter worth $16,629,000. Ieq Capital LLC boosted its position in shares of Toll Brothers by 50.4% in the 1st quarter. Ieq Capital LLC now owns 23,000 shares of the construction company's stock worth $2,429,000 after purchasing an additional 7,710 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its position in shares of Toll Brothers by 95.0% in the 1st quarter. CreativeOne Wealth LLC now owns 10,812 shares of the construction company's stock worth $1,142,000 after purchasing an additional 5,266 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TOL shares. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Argus raised their price target on Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods raised their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Oppenheimer reduced their price target on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $149.07.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares in the company, valued at approximately $39,558,536.42. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 770 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% 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 over the last three months. Insiders own 1.54% of the company's stock.

Toll Brothers Stock Up 1.3%

Shares of Toll Brothers stock traded up $1.83 during trading on Friday, reaching $147.24. The stock had a trading volume of 2,739,985 shares, compared to its average volume of 1,683,980. The stock has a fifty day moving average price of $126.77 and a two-hundred day moving average price of $112.47. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.96 and a beta of 1.33. 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 52 week low of $86.67 and a 52 week high of $169.52.

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 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 firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued 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 presently 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.