565 Shares in Toll Brothers Inc. $TOL Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 565 shares of the construction company’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Greenhaven Associates Inc. raised its stake in Toll Brothers by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock worth $639,347,000 after acquiring an additional 39,334 shares during the period. Dimensional Fund Advisors LP grew its position in Toll Brothers by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock worth $227,988,000 after purchasing an additional 375,372 shares during the last quarter. AQR Capital Management LLC grew its position in Toll Brothers by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock worth $146,572,000 after purchasing an additional 208,064 shares during the last quarter. Long Pond Capital LP bought a new position in Toll Brothers in the 1st quarter worth about $117,870,000. Finally, Goldman Sachs Group Inc. grew its position in Toll Brothers by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock worth $115,217,000 after purchasing an additional 67,156 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Citigroup upped their target price on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada upped their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 118,753 shares in the company, 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 filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the sale, the chief executive officer owned 286,117 shares of the company’s stock, valued at $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 ninety days, insiders sold 38,643 shares of company stock worth $5,305,630. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.4%

Toll Brothers stock opened at $136.72 on Friday. The firm has a 50 day simple moving average of $137.65 and a 200-day simple moving average of $119.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The stock has a market capitalization of $13.18 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.14. The business had revenue of $2.95 billion during 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 business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $3.60 earnings per share. As a group, equities research analysts expect that Toll Brothers Inc. will post 13.83 EPS 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. Investors of record on Friday, October 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Toll Brothers 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.