Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,821 shares of the construction company’s stock after purchasing an additional 1,682 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Toll Brothers worth $7,351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ossiam boosted its stake in Toll Brothers by 122.8% during the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after buying an additional 4,159 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Toll Brothers by 36.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after purchasing an additional 8,474 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after purchasing an additional 8,234 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Toll Brothers by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock worth $5,235,000 after purchasing an additional 10,823 shares in the last quarter. Finally, TCW Group Inc. lifted its stake in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after purchasing an additional 16,503 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction 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 directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 owns 14,721 shares in the company, valued at $2,109,224.88. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research reports. UBS Group upped their price target on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Oppenheimer upped their target price on Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Royal Bank of Canada lifted their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wedbush upped their price objective on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $153.12 on Friday. The business has a fifty day simple moving average of $137.08 and a 200 day simple moving average of $126.28. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $154.62. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 1.23 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business 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 earned $3.73 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 13.31 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.28%.

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.