Toll Brothers Inc. $TOL Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 270.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,078 shares of the construction company’s stock after purchasing an additional 8,088 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Toll Brothers were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Toll Brothers by 6.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock worth $169,000 after purchasing an additional 90 shares during the period. Brooklyn Investment Group grew its stake in shares of Toll Brothers by 52.8% during the 1st 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 period. Old Port Advisors grew its stake in shares of Toll Brothers by 4.5% during the 2nd quarter. Old Port Advisors now owns 2,165 shares of the construction company’s stock worth $247,000 after purchasing an additional 94 shares during the period. KLP Kapitalforvaltning AS grew its stake in shares of Toll Brothers by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company’s stock worth $2,619,000 after purchasing an additional 100 shares during the period. Finally, J.Safra Asset Management Corp grew its stake in shares of Toll Brothers by 6.7% during the 1st quarter. J.Safra Asset Management Corp now owns 1,706 shares of the construction company’s stock worth $180,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director owned 118,753 shares of the company’s stock, valued at $17,533,880.45. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the transaction, the chief executive officer owned 286,117 shares in the company, valued at approximately $39,558,536.42. This represents a 8.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,643 shares of company stock valued at $5,305,630 in the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Up 1.0%

Shares of TOL opened at $135.75 on Friday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $137.06 and its two-hundred day moving average is $118.57. The stock has a market cap of $13.08 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the company posted $3.60 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. 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 payout ratio is 7.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TOL. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods lifted their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Wedbush reissued an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Argus lifted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Bank of America dropped their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

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.