Whalen Wealth Management Inc. Buys 7,724 Shares of Toll Brothers Inc. (NYSE:TOL)

Whalen Wealth Management Inc. boosted its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 413.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,594 shares of the construction company's stock after acquiring an additional 7,724 shares during the quarter. Whalen Wealth Management Inc.'s holdings in Toll Brothers were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TOL. Greenhaven Associates Inc. lifted its stake in Toll Brothers by 0.5% during the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock valued at $587,353,000 after purchasing an additional 26,079 shares during the last quarter. FMR LLC increased its holdings in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after buying an additional 410,394 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Toll Brothers by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after acquiring an additional 35,001 shares during the last quarter. Invesco Ltd. lifted its position in shares of Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after acquiring an additional 236,402 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after acquiring an additional 239,917 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TOL shares. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Raymond James Financial reissued a "strong-buy" rating and issued a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Wells Fargo & Company reduced their price target on shares of Toll Brothers from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, June 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $141.08.

Toll Brothers Stock Up 0.9%

NYSE TOL traded up $1.00 on Tuesday, reaching $113.48. The stock had a trading volume of 1,966,167 shares, compared to its average volume of 1,593,814. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The business has a 50 day moving average price of $103.95 and a 200 day moving average price of $114.13. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.17 and a beta of 1.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $3.38 EPS. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is 7.42%.

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.