BI Asset Management Fondsmaeglerselskab A S Takes Position in Toll Brothers, Inc. (NYSE:TOL)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the first quarter, HoldingsChannel.com reports. The fund acquired 15,960 shares of the construction company’s stock, valued at approximately $2,065,000.

Other large investors also recently made changes to their positions in the company. Register Financial Advisors LLC bought a new position in shares of Toll Brothers during the first quarter worth approximately $26,000. Contravisory Investment Management Inc. bought a new position in shares of Toll Brothers during the first quarter worth approximately $34,000. Rise Advisors LLC bought a new position in shares of Toll Brothers during the first quarter worth approximately $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Toll Brothers during the fourth quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Toll Brothers by 35.7% during the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after purchasing an additional 105 shares during the period. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Raymond James restated a “strong-buy” rating and set a $145.00 price objective (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $135.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. Citigroup lowered their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $112.00 to $124.00 in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.13.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,670 shares of company stock valued at $2,586,315. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 2.5 %

Shares of TOL opened at $113.28 on Thursday. The company has a market capitalization of $11.63 billion, a PE ratio of 7.74, a PEG ratio of 0.90 and a beta of 1.67. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $135.37. The stock’s 50-day moving average price is $120.04 and its two-hundred day moving average price is $114.32. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. On average, analysts anticipate that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s payout ratio is presently 6.28%.

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.