Greenland Capital Management LP Has $411,000 Position in Toll Brothers Inc. $TOL

Greenland Capital Management LP decreased its stake in Toll Brothers Inc. (NYSE:TOL) by 43.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the construction company’s stock after selling 2,800 shares during the quarter. Greenland Capital Management LP’s holdings in Toll Brothers were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in Toll Brothers by 57.9% during the first quarter. Envestnet Asset Management Inc. now owns 49,536 shares of the construction company’s stock valued at $5,231,000 after buying an additional 18,163 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after acquiring an additional 177 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in Toll Brothers by 33.0% during the first quarter. Kestra Private Wealth Services LLC now owns 3,531 shares of the construction company’s stock worth $373,000 after acquiring an additional 877 shares during the period. IFP Advisors Inc raised its stake in Toll Brothers by 107.4% during the 1st quarter. IFP Advisors Inc now owns 2,729 shares of the construction company’s stock valued at $288,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Toll Brothers by 20.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,251 shares of the construction company’s stock valued at $6,362,000 after purchasing an additional 10,318 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Down 0.1%

TOL opened at $126.23 on Thursday. The firm has a 50 day simple moving average of $135.57 and a 200 day simple moving average of $124.71. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. 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 (NYSE:TOL) last released its earnings results 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 firm had revenue of $2.95 billion during 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%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.60 EPS. On average, sell-side analysts anticipate 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. Investors 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 0.8%. The ex-dividend date was Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

Analyst Ratings Changes

TOL has been the topic of a number of recent research reports. Argus lifted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Citigroup raised their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada upped their price objective on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Finally, Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Toll Brothers in a report on Thursday, September 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction 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 transaction, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This trade represents 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, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at $39,558,536.42. This trade represents a 8.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.54% of the stock is owned by company insiders.

Toll Brothers 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.