waypoint wealth counsel bought a new position in Toll Brothers Inc. (NYSE:TOL – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 2,503 shares of the construction company’s stock, valued at approximately $286,000.
A number of other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in Toll Brothers in the 2nd quarter worth approximately $200,000. Callan Family Office LLC increased its position in Toll Brothers by 110.4% in the second quarter. Callan Family Office LLC now owns 6,819 shares of the construction company’s stock worth $778,000 after purchasing an additional 3,578 shares during the last quarter. US Bancorp DE increased its position in Toll Brothers by 10.8% in the second quarter. US Bancorp DE now owns 6,022 shares of the construction company’s stock worth $687,000 after purchasing an additional 586 shares during the last quarter. Allegiance Financial Group Advisory Services LLC bought a new stake in Toll Brothers in the second quarter worth $247,000. Finally, Shariaportfolio Inc. increased its holdings in shares of Toll Brothers by 39.5% in the 2nd quarter. Shariaportfolio Inc. now owns 27,479 shares of the construction company’s stock worth $3,136,000 after buying an additional 7,776 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.
Insider Transactions at Toll Brothers
In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the transaction, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,413 shares of company stock valued at $5,746,216. Company insiders own 1.54% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on TOL
Toll Brothers Trading Down 1.3%
TOL opened at $127.11 on Friday. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.51 and a beta of 1.40. The stock’s 50 day moving average price is $136.36 and its 200-day moving average price is $117.64. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.60 EPS. On average, equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.
Toll Brothers Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio is presently 7.35%.
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.
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