Davis R M Inc. Has $14.90 Million Stock Position in Toll Brothers Inc. $TOL

Davis R M Inc. cut its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,557 shares of the construction company’s stock after selling 14,466 shares during the quarter. Davis R M Inc.’s holdings in Toll Brothers were worth $14,900,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts recently issued reports on TOL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Bank of America reduced their price target on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 10th. Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Finally, Citigroup raised their price objective on shares of Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Toll Brothers Stock Up 0.6%

Shares of Toll Brothers stock opened at $133.43 on Monday. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $137.58 and a two-hundred day moving average price of $123.21. The stock has a market capitalization of $12.86 billion, a P/E ratio of 9.80, a PEG ratio of 1.60 and a beta of 1.37.

Toll Brothers (NYSE:TOL) last issued 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 business 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%. Toll Brothers’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.60 earnings per share. Equities analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s dividend payout ratio is 7.35%.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the chief operating officer directly owned 19,692 shares in the company, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is owned by insiders.

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.