Vanguard Personalized Indexing Management LLC Increases Stake in Toll Brothers, Inc. (NYSE:TOL)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,951 shares of the construction company’s stock after purchasing an additional 810 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Toll Brothers were worth $1,605,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers during the 2nd quarter valued at about $29,000. Contravisory Investment Management Inc. acquired a new position in shares of Toll Brothers in the first quarter valued at about $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Toll Brothers by 114.5% in the second 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 last quarter. Finally, Rise Advisors LLC acquired a new stake in shares of Toll Brothers during the first quarter worth about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Down 1.8 %

Shares of TOL stock opened at $150.44 on Friday. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $154.62. The company has a market cap of $15.19 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.23 and a beta of 1.67. 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 stock has a 50 day simple moving average of $137.63 and a 200-day simple moving average of $126.58.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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 business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $3.73 earnings per share. On average, equities research analysts expect 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. Shareholders of record on Friday, October 11th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Argus raised their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their target price for the stock from $112.00 to $124.00 in a report on Monday, June 17th. Wedbush upped their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’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 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 accessible through this hyperlink. In other news, 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 completion of the sale, the chief executive officer now directly 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 through this link. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The disclosure for this sale can be found here. 1.54% of the stock is owned by company 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.