Mitsubishi UFJ Asset Management Co. Ltd. Has $38,000 Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Toll Brothers Inc. (NYSE:TOL) by 218.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363 shares of the construction company’s stock after acquiring an additional 249 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Toll Brothers were worth $38,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC raised its position in shares of Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Larson Financial Group LLC raised its position in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares during the period. Quarry LP grew its position in shares of Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company’s stock valued at $40,000 after purchasing an additional 290 shares during the period. Bessemer Group Inc. grew its position in shares of Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after purchasing an additional 104 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Toll Brothers by 415.0% in the 1st quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company’s stock valued at $54,000 after purchasing an additional 415 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $131.05 on Friday. The stock has a 50 day moving average price of $117.88 and a 200 day moving average price of $111.60. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The stock has a market capitalization of $12.87 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. Analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s payout ratio is 7.42%.

Wall Street Analyst Weigh In

TOL has been the subject of several research analyst reports. Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Evercore ISI reiterated an “outperform” rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Wall Street Zen upgraded Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Oppenheimer dropped their target price 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. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.46.

Insiders Place Their Bets

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

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.