Mutual Advisors LLC Has $402,000 Stock Position in Toll Brothers Inc. $TOL

Mutual Advisors LLC lowered its stake in Toll Brothers Inc. (NYSE:TOL) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,263 shares of the construction company’s stock after selling 160 shares during the quarter. Mutual Advisors LLC’s holdings in Toll Brothers were worth $402,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TOL. Brooklyn Investment Group lifted its stake in shares of Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Toll Brothers by 128.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after buying an additional 249 shares during the period. Finally, Operose Advisors LLC acquired a new stake in Toll Brothers during the 1st quarter worth $42,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the topic of several research analyst reports. Citigroup raised their price objective on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Evercore ISI reaffirmed an “in-line” rating and set a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Wedbush reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Finally, Wells Fargo & Company raised their price objective on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.43.

Toll Brothers Price Performance

TOL stock opened at $135.75 on Tuesday. The stock has a 50-day moving average price of $137.29 and a two-hundred day moving average price of $118.95. The stock has a market cap of $13.08 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. 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 1 year low of $86.67 and a 1 year high of $169.52.

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

Toll Brothers Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Insider Activity

In other news, COO Robert Parahus sold 9,831 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value 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 trade represents a 33.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the firm’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 completion of the transaction, the director owned 118,753 shares of the company’s stock, valued at $17,533,880.45. The trade was a 3.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,643 shares of company stock worth $5,305,630 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

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.