Toll Brothers Inc. $TOL Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its stake in Toll Brothers Inc. (NYSE:TOL) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,278 shares of the construction company’s stock after buying an additional 610 shares during the quarter. QRG Capital Management Inc.’s holdings in Toll Brothers were worth $3,570,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. grew its holdings in Toll Brothers by 188.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 266,771 shares of the construction company’s stock worth $30,447,000 after acquiring an additional 174,226 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Toll Brothers in the 2nd quarter worth approximately $120,000. Hilltop National Bank acquired a new stake in shares of Toll Brothers during the 2nd quarter worth approximately $932,000. Deltec Asset Management LLC purchased a new position in shares of Toll Brothers during the 2nd quarter valued at approximately $1,141,000. Finally, Generali Investments CEE investicni spolecnost a.s. increased its holdings in shares of Toll Brothers by 23.5% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 10,000 shares of the construction company’s stock valued at $1,141,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 1.3%

TOL opened at $140.83 on Tuesday. The company has a market cap of $13.57 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a 50-day moving average price of $135.60 and a 200 day moving average price of $117.14. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the business earned $3.60 EPS. Toll Brothers’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers’s dividend payout ratio is currently 7.35%.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction dated Friday, September 5th. The shares were 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 in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 770 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,413 shares of company stock worth $5,746,216 in the last quarter. 1.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on TOL shares. Argus raised their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Bank of America increased their target price on shares of Toll Brothers from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Wedbush restated an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Royal Bank Of Canada upped their price target on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company raised their price objective on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $150.43.

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.