GDS Wealth Management Raises Stock Holdings in Toll Brothers Inc. $TOL

GDS Wealth Management boosted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 35.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,457 shares of the construction company’s stock after buying an additional 20,651 shares during the quarter. GDS Wealth Management owned approximately 0.08% of Toll Brothers worth $9,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 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 valued at $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC increased its holdings 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 period. MassMutual Private Wealth & Trust FSB raised its position 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. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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. Finally, Operose Advisors LLC purchased a new stake in Toll Brothers in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares of the company’s stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the company’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 completion of the transaction, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Down 0.1%

Shares of Toll Brothers stock opened at $126.23 on Thursday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.60 and a beta of 1.37. The company has a 50-day moving average of $135.57 and a 200 day moving average of $124.71. 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 announced 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. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the company earned $3.60 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business 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 0.8%. The ex-dividend date of this dividend was Friday, October 10th. Toll Brothers’s dividend payout ratio is currently 7.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a research note on Thursday, September 18th. Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Evercore ISI reaffirmed an “in-line” rating and issued a $160.00 target price (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.43.

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.