Versor Investments LP Makes New $423,000 Investment in Toll Brothers Inc. $TOL

Versor Investments LP bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,707 shares of the construction company’s stock, valued at approximately $423,000.

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

Toll Brothers Stock Performance

Shares of TOL stock opened at $133.51 on Thursday. The business’s 50-day moving average price is $137.82 and its 200-day moving average price is $122.50. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.60 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 (NYSE:TOL) last posted 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 for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 earnings per share. 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 was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid 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 payout ratio is currently 7.35%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TOL. Argus raised their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Insider Buying and Selling

In related news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 19,692 shares of the company’s stock, valued at $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction that occurred on Friday, September 5th. The stock was 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. This represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,643 shares of company stock valued at $5,305,630 over the last ninety days. 1.54% of the stock is owned by company insiders.

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.