Capital Insight Partners LLC Increases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

by · The Cerbat Gem

Capital Insight Partners LLC raised its stake in Toll Brothers, Inc. (NYSE:TOL – Free Report) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,919 shares of the construction company’s stock after purchasing an additional 568 shares during the period. Capital Insight Partners LLC’s holdings in Toll Brothers were worth $2,305,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Toll Brothers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after purchasing an additional 216,849 shares during the period. Anchor Capital Advisors LLC acquired a new stake in shares of Toll Brothers during the second quarter worth $17,740,000. Finally, Marsico Capital Management LLC lifted its holdings in shares of Toll Brothers by 24.5% during the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after purchasing an additional 148,562 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TOL. Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Oppenheimer raised their target price on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Bank of America raised their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Wedbush lifted their price target on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Finally, Citigroup cut their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.07.

Get Our Latest Stock Analysis on Toll Brothers

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at $1,511,032.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,257 shares of company stock worth $28,646,402 in the last 90 days. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Down 1.3 %

TOL stock traded down $2.03 during mid-day trading on Thursday, hitting $149.05. The stock had a trading volume of 447,155 shares, compared to its average volume of 1,398,748. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $156.08. The company has a fifty day moving average of $142.17 and a 200 day moving average of $129.24. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.21 and a beta of 1.66.

Toll Brothers (NYSE:TOL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.73 EPS. On average, equities analysts expect that Toll Brothers, Inc. will post 13.51 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Toll Brothers Company Profile

(Free Report)

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.

See Also

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