Mercer Global Advisors Inc. ADV Buys 1,702 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mercer Global Advisors Inc. ADV increased its position in Toll Brothers, Inc. (NYSE:TOL) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,066 shares of the construction company’s stock after purchasing an additional 1,702 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Toll Brothers were worth $2,426,000 as of its most recent SEC filing.

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

Insider Transactions at Toll Brothers

In related news, 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 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 $2,109,224.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. The disclosure for this sale can be found here. Insiders have sold a total of 135,257 shares of company stock worth $19,992,602 in the last ninety days. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of analyst reports. Evercore ISI lifted their price target on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Argus increased their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Citigroup cut their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their target price for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Finally, Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Toll Brothers Stock Up 2.0 %

TOL opened at $153.50 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $154.62. The company has a fifty day moving average of $138.23 and a two-hundred day moving average of $126.87. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.23 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion during 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 for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.73 EPS. On average, research analysts expect that Toll Brothers, Inc. will post 13.31 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.28%.

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.