Toll Brothers, Inc. (NYSE:TOL) Holdings Lowered by Delphi Management Inc. MA

Delphi Management Inc. MA trimmed its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,120 shares of the construction company’s stock after selling 409 shares during the quarter. Delphi Management Inc. MA’s holdings in Toll Brothers were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers during the 2nd quarter worth about $29,000. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers during the 1st quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its position in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth about $35,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

Shares of TOL opened at $154.46 on Tuesday. The company’s 50 day moving average price is $139.96 and its 200 day moving average price is $127.75. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $156.00. The company has a market capitalization of $15.86 billion, a PE ratio of 10.55, a PEG ratio of 1.25 and a beta of 1.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52.

Toll Brothers (NYSE:TOL) last announced 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. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm posted $3.73 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Research analysts expect that Toll Brothers, Inc. will post 13.51 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed 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. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, October 11th. Toll Brothers’s payout ratio is presently 6.28%.

Insiders Place Their Bets

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The disclosure for this sale can be found here. Insiders sold 191,257 shares of company stock valued at $28,646,402 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Barclays boosted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Evercore ISI boosted their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Bank of America boosted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $145.67.

Toll Brothers Company 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.