waypoint wealth counsel Buys Shares of 2,503 Toll Brothers Inc. $TOL

Key Points

• Waypoint Wealth Counsel purchased 2,503 shares of Toll Brothers Inc., valued at approximately $286,000, as per its latest SEC filing.
• Institutional investors currently own 91.76% of Toll Brothers, with several firms significantly increasing their stakes in the company during the recent quarters.
• Toll Brothers announced a quarterly dividend of $0.25 per share, scheduled for payment on October 24th, reflecting an annualized yield of 0.8%.

waypoint wealth counsel bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,503 shares of the construction company's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in Toll Brothers by 84.2% during the first 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. Brooklyn Investment Group lifted its holdings in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after buying an additional 94 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after buying an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock valued at $37,000 after buying an additional 182 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after acquiring an additional 249 shares during the period. Institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

TOL has been the topic of a number of recent research reports. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Evercore ISI reiterated an "in-line" rating and issued a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research note on Tuesday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Toll Brothers in a research report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $149.43.

Toll Brothers Price Performance

NYSE TOL opened at $127.11 on Friday. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.51 and a beta of 1.40. The company's 50 day moving average is $136.36 and its two-hundred day moving average is $117.64. 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 (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS 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%. The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $3.60 EPS. As a group, research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers's dividend payout ratio (DPR) is currently 7.35%.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers 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 sale, the chief executive officer owned 286,117 shares of the company's stock, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total value of $1,286,288.04. Following the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. This trade represents a 33.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is currently 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.

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