Ballentine Partners LLC Raises Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Ballentine Partners LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 6.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,824 shares of the construction company’s stock after acquiring an additional 118 shares during the period. Ballentine Partners LLC’s holdings in Toll Brothers were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Ellis Investment Partners LLC grew its position in shares of Toll Brothers by 2.8% during the second quarter. Ellis Investment Partners LLC now owns 3,885 shares of the construction company’s stock valued at $447,000 after purchasing an additional 105 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in Toll Brothers during the second quarter valued at approximately $17,740,000. Gallacher Capital Management LLC purchased a new position in Toll Brothers during the 2nd quarter valued at approximately $267,000. Private Advisor Group LLC increased its stake in Toll Brothers by 0.7% in the 2nd quarter. Private Advisor Group LLC now owns 26,050 shares of the construction company’s stock worth $3,000,000 after acquiring an additional 180 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Toll Brothers by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 29,163 shares of the construction company’s stock worth $3,359,000 after acquiring an additional 551 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TOL shares. Barclays upped their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday. Wedbush boosted their price objective on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Evercore ISI raised their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.67.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Up 3.9 %

Shares of NYSE TOL opened at $144.89 on Friday. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $149.77. The firm has a market cap of $14.87 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.67. The business has a fifty day simple moving average of $133.31 and a two-hundred day simple moving average of $124.98. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm earned $3.73 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts expect that Toll Brothers, Inc. will post 13.31 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s payout ratio is currently 6.28%.

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.