Toll Brothers Inc. $TOL Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its position in Toll Brothers Inc. (NYSE:TOL) by 20.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,178 shares of the construction company’s stock after purchasing an additional 887 shares during the quarter. Penserra Capital Management LLC’s holdings in Toll Brothers were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Greenhaven Associates Inc. raised its position in shares of Toll Brothers by 0.7% in the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after buying an additional 39,334 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Toll Brothers by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock worth $227,988,000 after acquiring an additional 375,372 shares during the period. AQR Capital Management LLC grew its stake in Toll Brothers by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock worth $146,572,000 after acquiring an additional 208,064 shares during the period. Long Pond Capital LP acquired a new position in Toll Brothers in the 1st quarter valued at $117,870,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Toll Brothers by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock worth $115,217,000 after purchasing an additional 67,156 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on TOL. Argus lifted their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Bank of America lowered 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. Citigroup increased their price objective on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Toll Brothers Stock Performance

NYSE TOL opened at $135.71 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The firm has a market capitalization of $13.08 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.60 and a beta of 1.37. The business’s 50-day simple moving average is $137.43 and its 200-day simple moving average is $123.70.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 earnings per share. Equities analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders 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 dividend payout ratio (DPR) is currently 7.35%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the transaction, the director owned 118,753 shares in the company, valued at $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the company’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 sale, 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 38,643 shares of company stock worth $5,305,630. 1.54% of the stock is currently owned by corporate 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.