Distillate Capital Partners LLC Buys New Holdings in Toll Brothers, Inc. (NYSE:TOL)

Distillate Capital Partners LLC purchased a new position in Toll Brothers, Inc. (NYSE:TOL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,882 shares of the construction company’s stock, valued at approximately $14,384,000. Distillate Capital Partners LLC owned approximately 0.12% of Toll Brothers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Toll Brothers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after acquiring an additional 216,849 shares during the last quarter. Bank of Nova Scotia bought a new stake in Toll Brothers during the fourth quarter worth $18,792,000. Anchor Capital Advisors LLC purchased a new position in Toll Brothers in the second quarter worth $17,740,000. Finally, Marsico Capital Management LLC grew 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. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the subject of several research reports. Barclays increased their price target 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. 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 report on Tuesday, August 27th. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Evercore ISI upped their price target on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Argus lifted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Toll Brothers Price Performance

NYSE TOL opened at $153.50 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.23 and a beta of 1.67. The stock has a 50-day moving average of $138.23 and a 200 day moving average of $126.87. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $154.62.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted $3.73 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.31 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insiders Place Their Bets

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the transaction, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated 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 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. Insiders sold a total of 135,257 shares of company stock worth $19,992,602 over the last three months. 1.54% of the stock is currently owned by company 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.