Paradiem LLC Sells 22,212 Shares of Toll Brothers Inc. $TOL

Paradiem LLC cut its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 69.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,621 shares of the construction company’s stock after selling 22,212 shares during the period. Paradiem LLC’s holdings in Toll Brothers were worth $1,098,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Trail Ridge Investment Advisors LLC boosted its position in Toll Brothers by 0.5% during the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after buying an additional 132 shares during the period. Left Brain Wealth Management LLC acquired a new position in shares of Toll Brothers in the 1st quarter worth approximately $317,000. MQS Management LLC acquired a new position in shares of Toll Brothers in the 1st quarter worth approximately $649,000. Financial Security Advisor Inc. acquired a new position in shares of Toll Brothers in the 1st quarter worth approximately $231,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Toll Brothers in the 1st quarter worth approximately $227,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the sale, the director owned 12,787 shares in the company, valued at $1,474,724.71. This represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director owned 118,753 shares of the company’s stock, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,413 shares of company stock worth $5,746,216. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of TOL stock opened at $138.30 on Tuesday. The firm has a market capitalization of $13.33 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The firm has a fifty day simple moving average of $134.02 and a two-hundred day simple moving average of $115.95. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. Toll Brothers’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.60 EPS. Analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s payout ratio is 7.35%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Argus boosted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Bank of America boosted their price target on shares of Toll Brothers from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Finally, Citigroup lifted their price objective on shares of Toll Brothers from $134.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.79.

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.