Daiwa Securities Group Inc. Has $246,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Daiwa Securities Group Inc. lifted its stake in Toll Brothers, Inc. (NYSE:TOLFree Report) by 72.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,900 shares of the construction company’s stock after purchasing an additional 800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Toll Brothers were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Toll Brothers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after buying an additional 216,849 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Toll Brothers by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock valued at $372,198,000 after acquiring an additional 14,449 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Toll Brothers by 12.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock worth $209,853,000 after purchasing an additional 225,354 shares during the period. Norges Bank purchased a new position in Toll Brothers during the 4th quarter worth approximately $128,982,000. Finally, Goldman Sachs Group Inc. raised its stake in Toll Brothers by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock valued at $112,124,000 after purchasing an additional 12,493 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In related news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold a total of 21,670 shares of company stock valued at $2,586,315 over the last 90 days. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Up 1.4 %

Shares of NYSE:TOL opened at $123.12 on Friday. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.64 billion, a PE ratio of 8.41, a P/E/G ratio of 0.99 and a beta of 1.67. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $135.37. The firm has a fifty day moving average price of $120.04 and a 200 day moving average price of $114.51.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the firm earned $2.85 EPS. Toll Brothers’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.92 annualized dividend and a yield of 0.75%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent analyst reports. Barclays decreased their target price on Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research report on Friday. UBS Group lifted their target price on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Raymond James reissued a “strong-buy” rating and issued a $145.00 price target (up from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Finally, StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.00.

View Our Latest Analysis on Toll Brothers

About Toll Brothers

(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.

Further Reading

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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