MQS Management LLC Invests $719,000 in Toll Brothers, Inc. (NYSE:TOL)

MQS Management LLC acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,240 shares of the construction company’s stock, valued at approximately $719,000.

A number of other large investors have also added to or reduced their stakes in TOL. Norges Bank bought a new position in Toll Brothers in the 4th quarter valued at approximately $128,982,000. PNC Financial Services Group Inc. raised its holdings in Toll Brothers by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,656 shares of the construction company’s stock valued at $2,123,000 after buying an additional 444 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in Toll Brothers by 29.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 4,435 shares of the construction company’s stock valued at $455,000 after buying an additional 1,000 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Toll Brothers by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 227,495 shares of the construction company’s stock valued at $23,384,000 after buying an additional 27,181 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Toll Brothers in the 4th quarter valued at approximately $630,000. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several analyst reports. UBS Group raised their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Wedbush raised their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Bank of America raised their price target on shares of Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Citigroup lowered their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.

Toll Brothers Stock Performance

NYSE TOL opened at $150.15 on Thursday. The company has a fifty day simple moving average of $136.45 and a 200 day simple moving average of $126.09. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $154.62. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.16 billion, a P/E ratio of 10.26, a PEG ratio of 1.23 and a beta of 1.67.

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

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was 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 directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

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.