BLB&B Advisors LLC Boosts Holdings in Toll Brothers Inc. $TOL

BLB&B Advisors LLC raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,383 shares of the construction company’s stock after buying an additional 860 shares during the quarter. BLB&B Advisors LLC’s holdings in Toll Brothers were worth $4,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trail Ridge Investment Advisors LLC lifted its stake in shares of Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock valued at $2,706,000 after purchasing an additional 132 shares in the last quarter. Left Brain Wealth Management LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at about $317,000. MQS Management LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at about $649,000. Financial Security Advisor Inc. acquired a new position in shares of Toll Brothers in the 1st quarter valued at about $231,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at about $227,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction that occurred on 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 directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,643 shares of company stock valued at $5,305,630 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TOL shares. Citigroup lifted their price objective on Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Bank of America reduced their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Argus boosted their price target on Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Royal Bank Of Canada boosted their price target on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Toll Brothers Stock Performance

Toll Brothers stock opened at $133.44 on Friday. The stock’s 50 day moving average price is $138.19 and its 200 day moving average price is $121.18. The firm has a market capitalization of $12.86 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. 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 Inc. has a one year low of $86.67 and a one year high of $169.52.

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

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 10th. 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.