Deroy & Devereaux Private Investment Counsel Inc. Grows Stock Position in Toll Brothers Inc. $TOL

Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 36.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 205,292 shares of the construction company’s stock after buying an additional 55,377 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.21% of Toll Brothers worth $23,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC raised its stake in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after purchasing an additional 112 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after purchasing an additional 249 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Up 4.3%

Toll Brothers stock opened at $133.22 on Wednesday. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The business’s 50-day moving average price is $136.52 and its 200 day moving average price is $117.96. 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 earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $3.60 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the sale, the director directly owned 118,753 shares of the company’s stock, valued at approximately $17,533,880.45. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer directly owned 286,117 shares in the company, valued at approximately $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,643 shares of company stock valued at $5,305,630. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Evercore ISI restated an “in-line” rating and issued a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Finally, Citigroup raised their price objective on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.43.

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.