Mutual Advisors LLC Sells 160 Shares of Toll Brothers Inc. $TOL

Mutual Advisors LLC lowered its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,263 shares of the construction company’s stock after selling 160 shares during the period. Mutual Advisors LLC’s holdings in Toll Brothers were worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. Long Pond Capital LP acquired a new stake in Toll Brothers during the first quarter worth approximately $117,870,000. Victory Capital Management Inc. lifted its position in Toll Brothers by 149.5% during the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock worth $102,907,000 after acquiring an additional 583,940 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Toll Brothers by 21.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock worth $227,988,000 after acquiring an additional 375,372 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at approximately $28,720,000. Finally, Amundi raised its position in shares of Toll Brothers by 429.1% in the first quarter. Amundi now owns 316,888 shares of the construction company’s stock valued at $31,179,000 after buying an additional 256,996 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $135.75 on Tuesday. The firm’s fifty day moving average price is $137.29 and its two-hundred day moving average price is $118.95. The stock has a market cap of $13.08 billion, a PE ratio of 9.97, a PEG ratio of 1.61 and a beta of 1.40. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38.

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

Toll Brothers Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers’s payout ratio is presently 7.35%.

Insiders Place Their Bets

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer owned 19,692 shares of the company’s stock, valued at approximately $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Evercore ISI reiterated an “in-line” rating and issued a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Bank of America dropped their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Citigroup lifted their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada lifted their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, 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 report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.