Gratus Wealth Advisors LLC Acquires 424 Shares of Toll Brothers, Inc. (NYSE:TOL)

Gratus Wealth Advisors LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,597 shares of the construction company’s stock after purchasing an additional 424 shares during the period. Gratus Wealth Advisors LLC’s holdings in Toll Brothers were worth $842,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TOL. Pacer Advisors Inc. boosted its stake in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after buying an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares during the last quarter. Vanguard Group Inc. increased its position in Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after purchasing an additional 216,849 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in Toll Brothers in the 2nd quarter valued at approximately $17,740,000. Finally, Marsico Capital Management LLC boosted its position in Toll Brothers by 24.5% in the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock valued at $86,983,000 after buying an additional 148,562 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $151.17 on Wednesday. The business has a 50-day moving average price of $142.17 and a two-hundred day moving average price of $129.24. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $156.08. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.52 billion, a P/E ratio of 10.33, a PEG ratio of 1.21 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping 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 analysts’ expectations of $2.71 billion. During the same quarter last year, the firm posted $3.73 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, analysts anticipate that Toll Brothers, Inc. will post 13.51 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.23 per share. 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 payout ratio is presently 6.28%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TOL. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Wells Fargo & Company upped their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Barclays lifted 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. Bank of America upped their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Oppenheimer raised their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. 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 stock. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $147.07.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers 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 of the company’s stock, valued at approximately $2,109,224.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction that occurred 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 191,257 shares of company stock valued at $28,646,402 over the last ninety days. 1.54% of the stock is owned by corporate insiders.

About Toll Brothers

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.