Morningstar Investment Management LLC Invests $233,000 in Toll Brothers Inc. $TOL

Morningstar Investment Management LLC acquired a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,038 shares of the construction company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after buying an additional 112 shares during the last quarter. Brooklyn Investment Group lifted its stake 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 buying an additional 94 shares during the last quarter. Larson Financial Group LLC raised its stake in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in 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 purchasing an additional 182 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 purchasing an additional 249 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 4.3%

Shares of Toll Brothers stock opened at $133.22 on Wednesday. The firm has a market capitalization of $12.84 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The company’s fifty day moving average price is $136.52 and its two-hundred day moving average price is $117.96. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week 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, 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%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $3.60 EPS. On average, analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.35%.

Insiders Place Their Bets

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 38,643 shares of company stock valued at $5,305,630 in the last 90 days. 1.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TOL shares. Bank of America cut their target price on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Citigroup upped their target price on shares of Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Wedbush reiterated an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a research note on Thursday, September 18th. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 target price (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.43.

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.