MRP Capital Investments LLC Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

MRP Capital Investments LLC trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,455 shares of the construction company’s stock after selling 100 shares during the quarter. Toll Brothers comprises approximately 1.1% of MRP Capital Investments LLC’s portfolio, making the stock its 27th biggest position. MRP Capital Investments LLC’s holdings in Toll Brothers were worth $1,204,000 as of its most recent SEC filing.

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

Toll Brothers Stock Performance

TOL opened at $150.15 on Thursday. 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 stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.23 and a beta of 1.67. The company has a fifty day moving average of $136.45 and a 200 day moving average of $126.09. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $154.62.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.82% and a net margin of 14.63%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.73 earnings per share. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 13.31 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

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 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 0.61%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Analysts Set New Price Targets

A number of research firms recently commented on TOL. Wells Fargo & Company upped their price objective on Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Argus increased their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Evercore ISI boosted their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wedbush increased their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.67.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on 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 $51,087,881.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

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.