Voya Investment Management LLC Grows Stake in Toll Brothers Inc. $TOL

Key Points

• Voya Investment Management LLC increased its stake in Toll Brothers Inc. by 26.8% in Q1, now owning 43,609 shares valued at $4.6 million.
• Toll Brothers announced a quarterly dividend of $0.25 per share, giving an annualized yield of 0.7%, to be paid on October 24th.
• The company reported a net margin of 12.64% and a quarterly revenue increase of 8% year-over-year, with earnings per share beating estimates at $3.73.

Voya Investment Management LLC lifted its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 26.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,609 shares of the construction company's stock after buying an additional 9,230 shares during the period. Voya Investment Management LLC's holdings in Toll Brothers were worth $4,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Hawaiian Bank raised its position in shares of Toll Brothers by 139.7% in the first quarter. First Hawaiian Bank now owns 4,524 shares of the construction company's stock worth $478,000 after acquiring an additional 2,637 shares during the period. Inspire Investing LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $2,154,000. Strs Ohio purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $1,357,000. Belpointe Asset Management LLC boosted its position in shares of Toll Brothers by 19.2% during the 1st quarter. Belpointe Asset Management LLC now owns 4,716 shares of the construction company's stock worth $498,000 after purchasing an additional 759 shares during the period. Finally, Focus Partners Wealth boosted its position in shares of Toll Brothers by 11.7% during the 1st quarter. Focus Partners Wealth now owns 73,832 shares of the construction company's stock worth $7,796,000 after purchasing an additional 7,762 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Down 0.2%

Toll Brothers stock opened at $139.92 on Friday. The firm's 50-day moving average is $131.26 and its 200-day moving average is $114.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a market cap of $13.49 billion, a P/E ratio of 10.28, a PEG ratio of 0.92 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last issued 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. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. Toll Brothers's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $3.60 EPS. On average, equities analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers's payout ratio is presently 7.35%.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the company's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares of the company's stock, valued at $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 286,117 shares of the company's stock, valued at $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 have sold a total of 42,413 shares of company stock valued at $5,746,216 in the last three months. 1.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TOL shares. Bank of America increased their target price on shares of Toll Brothers from $150.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of 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 restated an "outperform" rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday. Citigroup lifted their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Finally, Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $149.79.

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.

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