Lyell Wealth Management LP Raises Position in Toll Brothers Inc. (NYSE:TOL)

Lyell Wealth Management LP boosted its position in Toll Brothers Inc. (NYSE:TOL) by 45.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 68,902 shares of the construction company’s stock after purchasing an additional 21,553 shares during the period. Lyell Wealth Management LP’s holdings in Toll Brothers were worth $7,275,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Royal Bank Of Canada cut their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. UBS Group reaffirmed a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Oppenheimer cut their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.85.

Insider Buying and Selling at Toll Brothers

In related news, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares in the company, valued at approximately $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen F. East sold 2,500 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director directly owned 12,787 shares of the company’s stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock worth $440,586 in the last quarter. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Down 2.9%

Shares of TOL stock opened at $119.34 on Thursday. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The business’s fifty day moving average price is $113.33 and its 200 day moving average price is $112.23. The firm has a market capitalization of $11.72 billion, a PE ratio of 8.85, a P/E/G ratio of 1.28 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.38 EPS. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, July 11th. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

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.