Cwm LLC Has $6.76 Million Holdings in Toll Brothers Inc. $TOL

Cwm LLC boosted its position in Toll Brothers Inc. (NYSE:TOL) by 269.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,232 shares of the construction company’s stock after buying an additional 43,185 shares during the quarter. Cwm LLC owned approximately 0.06% of Toll Brothers worth $6,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Greenhaven Associates Inc. grew its stake in Toll Brothers by 0.7% in the 2nd quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after buying an additional 39,334 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Toll Brothers by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after buying an additional 375,372 shares during the last quarter. AQR Capital Management LLC grew its stake in Toll Brothers by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock valued at $146,572,000 after buying an additional 208,064 shares during the last quarter. Long Pond Capital LP acquired a new stake in Toll Brothers in the 1st quarter worth $117,870,000. Finally, Goldman Sachs Group Inc. grew its position in Toll Brothers by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock worth $115,217,000 after purchasing an additional 67,156 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the transaction, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,643 shares of company stock valued at $5,305,630 in the last ninety days. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TOL shares. Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. 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. Wells Fargo & Company raised their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Wedbush restated an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a research report on Thursday, September 18th. Finally, Argus raised 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Price Performance

NYSE:TOL opened at $134.38 on Thursday. The company has a 50-day moving average of $136.69 and a 200-day moving average of $118.08. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.58 and a beta of 1.40. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week 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) last released its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $3.60 EPS. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

Toll Brothers Company 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.