Mutual of America Capital Management LLC Reduces Position in Toll Brothers Inc. $TOL

Mutual of America Capital Management LLC lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 3.5% in the 2nd quarter, Holdings Channel reports. The fund owned 53,921 shares of the construction company’s stock after selling 1,961 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Toll Brothers were worth $6,154,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Greenhaven Associates Inc. grew its stake in Toll Brothers by 0.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after acquiring an additional 39,334 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Toll Brothers by 21.0% during 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 acquiring an additional 375,372 shares in the last quarter. AQR Capital Management LLC grew its stake in Toll Brothers by 17.1% during 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 acquiring an additional 208,064 shares in the last quarter. Long Pond Capital LP purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $117,870,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of 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 valued at $115,217,000 after buying an additional 67,156 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wedbush reissued an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, Argus increased their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert Parahus sold 9,831 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. This trade 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 38,643 shares of company stock valued at $5,305,630. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $137.97 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The stock has a market capitalization of $13.30 billion, a P/E ratio of 10.14, a PEG ratio of 1.61 and a beta of 1.40. The company has a 50 day moving average price of $137.49 and a 200 day moving average price of $119.08. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share 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 net margin of 12.64% and a return on equity of 17.42%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $3.60 EPS. Equities research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

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