Private Advisory Group LLC Takes $5.98 Million Position in Toll Brothers Inc. (NYSE:TOL)

Private Advisory Group LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 56,655 shares of the construction company’s stock, valued at approximately $5,982,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenhaven Associates Inc. grew its stake in 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 buying an additional 26,079 shares during the last quarter. FMR LLC lifted its stake in 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 during the last quarter. Geode Capital Management LLC grew its position in shares of Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after acquiring an additional 35,001 shares during the last quarter. Invesco Ltd. grew its position in shares of Toll Brothers by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after acquiring an additional 236,402 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings 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 period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at approximately $292,680. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 770 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock valued at $440,586 over the last 90 days. 1.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Toll Brothers from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Oppenheimer cut their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, May 15th. Finally, Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.85.

Toll Brothers Price Performance

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

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results 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 company 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%. Toll Brothers’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.38 EPS. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s payout ratio is 7.42%.

About Toll Brothers

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.