Bleakley Financial Group LLC Acquires New Position in Toll Brothers, Inc. (NYSE:TOL)

Bleakley Financial Group LLC bought a new position in Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,718 shares of the construction company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Toll Brothers by 198.3% during the 4th quarter. Wellington Management Group LLP now owns 180,005 shares of the construction company’s stock valued at $18,503,000 after purchasing an additional 119,652 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Toll Brothers in the first quarter worth about $226,000. Ballentine Partners LLC bought a new stake in shares of Toll Brothers in the 1st quarter valued at about $221,000. Brookstone Capital Management purchased a new stake in Toll Brothers during the 1st quarter valued at about $224,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Toll Brothers by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 308,236 shares of the construction company’s stock worth $39,876,000 after acquiring an additional 2,729 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Down 0.7 %

Shares of Toll Brothers stock opened at $146.91 on Thursday. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a 50-day moving average of $147.09 and a 200 day moving average of $131.25. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.29 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $3.73 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share 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. Stockholders of record on Friday, October 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.63%. Toll Brothers’s payout ratio is presently 6.34%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TOL. Barclays increased their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Oppenheimer raised their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Royal Bank of Canada raised their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Wedbush upped their price target on Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $147.07.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s 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 $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock valued at $32,602,152 in the last quarter. 1.54% of the stock is owned by insiders.

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.