EMG Holdings L.P. Acquires Shares of 25,000 Toll Brothers, Inc. (NYSE:TOL)

EMG Holdings L.P. acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the construction company’s stock, valued at approximately $2,880,000. Toll Brothers makes up about 1.4% of EMG Holdings L.P.’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Register Financial Advisors LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers during the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV raised its holdings 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 acquiring an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Toll Brothers during the 1st quarter worth $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $153.12 on Friday. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $154.62. The company has a market cap of $15.46 billion, a PE ratio of 10.46, a P/E/G ratio of 1.23 and a beta of 1.67. 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 business has a 50-day simple moving average of $137.08 and a 200-day simple moving average of $126.28.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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 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 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.31 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid 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 payout ratio is 6.28%.

Insider Buying and Selling

In related 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’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 transaction of $12,917,764.16. Following the completion of the sale, 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 through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the business’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 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 disclosure for this sale can be found here. 1.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reduced their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Raymond James restated a “strong-buy” rating and issued a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Evercore ISI boosted their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.00.

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.