Axxcess Wealth Management LLC Grows Holdings in Toll Brothers, Inc. (NYSE:TOL)

Axxcess Wealth Management LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,696 shares of the construction company’s stock after buying an additional 428 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Toll Brothers were worth $1,117,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Register Financial Advisors LLC purchased a new position in Toll Brothers during the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers during the second quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Toll Brothers during the 1st quarter worth $34,000. Finally, Rise Advisors LLC purchased a new position in Toll Brothers in the first quarter valued at about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TOL. Barclays raised their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wedbush increased their target price on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Finally, Argus lifted their price objective on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.00.

Toll Brothers Stock Performance

TOL opened at $153.12 on Friday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $137.08 and a 200-day moving average of $126.28. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $154.62. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.23 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its earnings results 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 return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm earned $3.73 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.31 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. Toll Brothers’s payout ratio is presently 6.28%.

Insider Buying and Selling

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

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.