Toll Brothers, Inc. (NYSE:TOL) Stake Boosted by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 12.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,420 shares of the construction company’s stock after buying an additional 4,955 shares during the quarter. Van ECK Associates Corp’s holdings in Toll Brothers were worth $5,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers in the second quarter valued at $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Toll Brothers by 114.5% in the second 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 during the period. Contravisory Investment Management Inc. purchased a new position in shares of Toll Brothers during the first quarter valued at $34,000. Finally, Rise Advisors LLC acquired a new position in Toll Brothers during the first quarter valued at $35,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $139.94 on Wednesday. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 1.17 and a beta of 1.67. The firm’s 50-day moving average price is $129.58 and its two-hundred day moving average price is $123.60. 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 $149.77.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company earned $3.73 EPS. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts predict that Toll Brothers, Inc. will post 13.39 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. Toll Brothers’s dividend payout ratio is 6.28%.

Insider Buying and Selling

In other Toll Brothers news, 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 owns 28,527 shares in the company, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction dated Monday, June 10th. The stock was 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 owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold a total of 130,257 shares of company stock worth $18,552,950 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TOL shares. Bank of America raised their price objective on Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. UBS Group increased their target price on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays boosted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Two equities research 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. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $144.67.

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.