Woodline Partners LP Raises Stock Holdings in Toll Brothers Inc. $TOL

Key Points

• Woodline Partners LP increased its stake in Toll Brothers Inc. by 32.6% in Q1, owning approximately 0.16% of the company valued at $16,976,000.
• Insider transactions include significant sales by Director Paul E. Shapiro and CEO Douglas C. Jr. Yearley, resulting in ownership decreases of 3.11% and 8.04%, respectively.
• Toll Brothers recently posted a > $3.73 EPS for Q2, surpassing estimates, with a year-over-year revenue increase of 8.0% to $2.95 billion.

Woodline Partners LP boosted its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 32.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,770 shares of the construction company's stock after purchasing an additional 39,486 shares during the quarter. Woodline Partners LP owned approximately 0.16% of Toll Brothers worth $16,976,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Zimmer Partners LP boosted its position in Toll Brothers by 43.6% during the first quarter. Zimmer Partners LP now owns 143,550 shares of the construction company's stock worth $15,157,000 after purchasing an additional 43,550 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Toll Brothers in the first quarter valued at approximately $685,000. Caxton Associates LLP purchased a new position in shares of Toll Brothers in the first quarter valued at approximately $1,961,000. Goldman Sachs Group Inc. lifted its position in shares of Toll Brothers by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company's stock valued at $115,217,000 after acquiring an additional 67,156 shares in the last quarter. Finally, Scientech Research LLC purchased a new position in shares of Toll Brothers in the first quarter valued at approximately $1,274,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction on 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 approximately $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer directly owned 286,117 shares of the company's stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,413 shares of company stock valued at $5,746,216. Insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the topic of several research reports. Barclays restated an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada lifted their price objective on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Oppenheimer reduced their price objective 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, UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $149.07.

Toll Brothers Price Performance

NYSE:TOL opened at $143.17 on Thursday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.80 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.95 and a beta of 1.33. The stock's fifty day moving average is $128.43 and its two-hundred day moving average is $113.13.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the business earned $3.60 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.