Interval Partners LP Has $15.55 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Interval Partners LP lessened its position in Toll Brothers, Inc. (NYSE:TOL) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135,004 shares of the construction company’s stock after selling 12,619 shares during the quarter. Interval Partners LP owned approximately 0.13% of Toll Brothers worth $15,550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ossiam lifted its holdings in shares of Toll Brothers by 122.8% in the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after purchasing an additional 4,159 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Toll Brothers by 36.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after acquiring an additional 8,474 shares during the period. Private Advisor Group LLC boosted its position in Toll Brothers by 46.7% during the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after acquiring an additional 8,234 shares during the period. Van ECK Associates Corp grew its stake in Toll Brothers by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after acquiring an additional 10,823 shares in the last quarter. Finally, TCW Group Inc. increased its holdings in shares of Toll Brothers by 27.9% in the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after purchasing an additional 16,503 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 22,673 shares of the company’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 transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’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 directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now directly 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. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 1.8 %

Shares of TOL stock opened at $150.44 on Monday. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $154.62. The company has a market cap of $15.44 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $137.63 and its two-hundred day moving average is $126.64.

Toll Brothers (NYSE:TOL) last announced 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 net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the firm posted $3.73 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Toll Brothers, Inc. will post 13.31 EPS for the current 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. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s payout ratio is 6.28%.

Wall Street Analyst Weigh In

TOL has been the subject of several research reports. Royal Bank of Canada raised their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wedbush upped their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Barclays increased their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Oppenheimer upped their target price on Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price 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.