Wealth Enhancement Advisory Services LLC Acquires 36,952 Shares of Toll Brothers Inc. $TOL

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Toll Brothers Inc. by 12.1% during the second quarter, now owning 341,708 shares valued at approximately $40.25 million.
• Toll Brothers reported earnings per share of $3.73 for the last quarter, exceeding analyst expectations, with revenue of $2.95 billion, marking an 8.0% year-over-year increase.
• The company declared a quarterly dividend of $0.25, with the ex-dividend date set for October 10th, resulting in an annualized dividend yield of 0.7%.

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 341,708 shares of the construction company's stock after purchasing an additional 36,952 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.35% of Toll Brothers worth $40,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of 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 last quarter. Brooklyn Investment Group grew 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 purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC grew 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 purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew 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 purchasing an additional 182 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after purchasing an additional 249 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TOL shares. Raymond James Financial reaffirmed a "strong-buy" rating and set a $160.00 price target (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Wedbush reissued an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Royal Bank Of Canada boosted their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Citigroup boosted their target price on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a 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 issued a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $149.79.

Toll Brothers Stock Performance

TOL traded down $0.28 during trading on Friday, hitting $139.56. 3,055,508 shares of the company traded hands, compared to its average volume of 1,626,893. The firm has a market cap of $13.45 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The stock's fifty day moving average is $131.63 and its 200 day moving average is $114.65. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a one year low of $86.67 and a one 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 for the quarter, beating the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.60 earnings per share. As a group, equities analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued 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 of this dividend is Friday, October 10th. Toll Brothers's dividend payout ratio is presently 7.35%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company's stock, valued at $1,474,724.71. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares in the company, valued at $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. In the last 90 days, insiders sold 42,413 shares of company stock valued at $5,746,216. Company insiders own 1.54% of the company's stock.

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.