Brown Lisle Cummings Inc. Buys 775 Shares of Toll Brothers Inc. (NYSE:TOL)

Brown Lisle Cummings Inc. grew its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 11.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,600 shares of the construction company’s stock after acquiring an additional 775 shares during the period. Brown Lisle Cummings Inc.’s holdings in Toll Brothers were worth $802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of Toll Brothers by 66.7% during the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock valued at $666,000 after acquiring an additional 2,116 shares in the last quarter. Blue Trust Inc. increased its holdings in Toll Brothers by 136.3% during the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock valued at $105,000 after buying an additional 481 shares during the period. Assenagon Asset Management S.A. increased its holdings in Toll Brothers by 56.2% during the first quarter. Assenagon Asset Management S.A. now owns 21,974 shares of the construction company’s stock valued at $2,320,000 after buying an additional 7,908 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Toll Brothers during the fourth quarter valued at approximately $15,253,000. Finally, UMB Bank n.a. increased its holdings in Toll Brothers by 83.0% during the first quarter. UMB Bank n.a. now owns 950 shares of the construction company’s stock valued at $100,000 after buying an additional 431 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 2.9%

NYSE:TOL opened at $108.54 on Monday. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm has a fifty day simple moving average of $103.58 and a 200-day simple moving average of $114.42. 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 company has a market capitalization of $10.66 billion, a P/E ratio of 8.05, a PEG ratio of 1.13 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted 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. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Toll Brothers’s payout ratio is currently 7.42%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TOL shares. Keefe, Bruyette & Woods cut their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, May 20th. Oppenheimer cut their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, June 3rd. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Finally, Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.08.

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.