GDS Wealth Management Boosts Stake in Toll Brothers Inc. $TOL

GDS Wealth Management increased its holdings in Toll Brothers Inc. (NYSE:TOL) by 35.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 79,457 shares of the construction company’s stock after buying an additional 20,651 shares during the quarter. GDS Wealth Management’s holdings in Toll Brothers were worth $9,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TOL. Brooklyn Investment Group lifted its stake in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Toll Brothers by 128.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in 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. Finally, Operose Advisors LLC purchased a new stake in Toll Brothers in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 0.1%

Toll Brothers stock opened at $126.23 on Thursday. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 1.60 and a beta of 1.37. The firm has a 50 day moving average of $135.57 and a 200 day moving average of $124.71. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL) last posted its quarterly 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 business had revenue of $2.95 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $3.60 earnings per share. As a group, research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.35%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction 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 completion of the sale, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research reports. Argus boosted their target price 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. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped 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, Wedbush reiterated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average 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.