Masterton Capital Management LP Takes $2.22 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Masterton Capital Management LP acquired a new position in Toll Brothers, Inc. (NYSE:TOL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,282 shares of the construction company’s stock, valued at approximately $2,221,000. Toll Brothers makes up about 1.6% of Masterton Capital Management LP’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds have also recently modified their holdings of TOL. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers in the 2nd quarter valued at $29,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers during the 1st quarter valued at $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers in the 1st quarter worth about $35,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TOL shares. Oppenheimer increased their target price on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Evercore ISI increased 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. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Citigroup cut their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Martin P. Connor sold 22,673 shares of the business’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 completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the 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 of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,257 shares of company stock worth $19,992,602. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Up 2.0 %

TOL stock opened at $153.50 on Tuesday. The company’s 50 day moving average is $138.23 and its 200 day moving average is $126.87. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. 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.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results 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 net margin of 14.63% and a return on equity of 19.82%. 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 prior year, the firm earned $3.73 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts predict that Toll Brothers, Inc. will post 13.31 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

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.