Toll Brothers, Inc. (NYSE:TOL) Shares Sold by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,894 shares of the construction company’s stock after selling 490 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Toll Brothers were worth $1,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $26,000. Contravisory Investment Management Inc. bought a new stake in Toll Brothers during the first quarter valued at $34,000. Rise Advisors LLC bought a new stake in Toll Brothers during the first quarter valued at $35,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Toll Brothers during the fourth quarter worth $36,000. Finally, Baker Avenue Asset Management LP lifted its position in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Insiders sold a total of 21,670 shares of company stock worth $2,586,315 over the last 90 days. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Shares of TOL opened at $115.18 on Monday. The firm has a market capitalization of $11.82 billion, a PE ratio of 7.87, a P/E/G ratio of 0.94 and a beta of 1.67. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $121.22 and a 200 day moving average price of $113.93. Toll Brothers, Inc. has a 52-week low of $68.08 and a 52-week high of $135.37.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s dividend payout ratio is presently 6.28%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Wedbush reiterated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. Oppenheimer raised their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Argus increased their target price on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.

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.