Global Assets Advisory LLC Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Global Assets Advisory LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 37,260 shares of the construction company’s stock, valued at approximately $4,820,000.

Several other large investors also recently added to or reduced their stakes in TOL. DekaBank Deutsche Girozentrale purchased a new position in shares of Toll Brothers in the third quarter worth $206,000. Kestra Advisory Services LLC boosted its stake in Toll Brothers by 7.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,470 shares of the construction company’s stock worth $331,000 after purchasing an additional 318 shares in the last quarter. LPL Financial LLC grew its position in Toll Brothers by 121.8% during the 3rd quarter. LPL Financial LLC now owns 53,270 shares of the construction company’s stock valued at $3,940,000 after purchasing an additional 29,250 shares during the last quarter. Mariner LLC increased its stake in Toll Brothers by 13.1% during the 3rd quarter. Mariner LLC now owns 15,521 shares of the construction company’s stock valued at $1,148,000 after purchasing an additional 1,796 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Toll Brothers in the 3rd quarter valued at approximately $1,974,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 1.1 %

Toll Brothers stock opened at $118.41 on Tuesday. The company has a 50 day moving average price of $121.04 and a 200 day moving average price of $113.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $135.37. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.95 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 earnings per share. Research analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

Analysts Set New Price Targets

TOL has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Barclays raised their price target on Toll Brothers from $115.00 to $118.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Wedbush restated a “neutral” rating and set a $105.00 target price on shares of Toll Brothers in a research note on Wednesday, May 22nd. Oppenheimer lifted their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Argus upped their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.07.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders sold 21,670 shares of company stock valued at $2,586,315 over the last quarter. Insiders own 1.54% of the company’s stock.

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.