First Eagle Investment Management LLC Sells 15,519 Shares of Toll Brothers, Inc. (NYSE:TOL)

First Eagle Investment Management LLC reduced its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 80.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,879 shares of the construction company’s stock after selling 15,519 shares during the quarter. First Eagle Investment Management LLC’s holdings in Toll Brothers were worth $447,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Gardner Lewis Asset Management L P boosted its stake in shares of Toll Brothers by 23.5% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 51,389 shares of the construction company’s stock worth $5,919,000 after acquiring an additional 9,770 shares during the period. Beck Bode LLC boosted its stake in Toll Brothers by 6.9% in the 2nd quarter. Beck Bode LLC now owns 7,103 shares of the construction company’s stock valued at $818,000 after purchasing an additional 458 shares during the period. Blair William & Co. IL boosted its stake in Toll Brothers by 7.0% in the 2nd quarter. Blair William & Co. IL now owns 5,828 shares of the construction company’s stock valued at $671,000 after purchasing an additional 383 shares during the period. Marsico Capital Management LLC boosted its stake in Toll Brothers by 24.5% in the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock valued at $86,983,000 after purchasing an additional 148,562 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Toll Brothers by 6.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,951 shares of the construction company’s stock valued at $1,605,000 after purchasing an additional 810 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 approximately $51,087,881.18. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 1.8 %

Shares of TOL stock opened at $150.44 on Friday. The firm has a market capitalization of $15.19 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.23 and a beta of 1.67. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $154.62. 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 stock’s fifty day simple moving average is $137.63 and its 200 day simple moving average is $126.58.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company posted $3.73 EPS. The business’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 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TOL. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Royal Bank of Canada lifted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Argus lifted their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Evercore ISI lifted their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued 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 an average target price of $145.00.

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.