Axxcess Wealth Management LLC Acquires 428 Shares of Toll Brothers, Inc. (NYSE:TOL)

Axxcess Wealth Management LLC increased its position in Toll Brothers, Inc. (NYSE:TOL) by 4.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,696 shares of the construction company’s stock after purchasing an additional 428 shares during the period. Axxcess Wealth Management LLC’s holdings in Toll Brothers were worth $1,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TOL. Norges Bank bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $128,982,000. Vanguard Group Inc. grew its holdings 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 purchasing an additional 216,849 shares during the period. Bank of Nova Scotia purchased a new stake in Toll Brothers in the 4th quarter worth approximately $18,792,000. Anchor Capital Advisors LLC purchased a new stake in shares of Toll Brothers in the second quarter worth $17,740,000. Finally, Interval Partners LP raised its holdings in Toll Brothers by 842.9% during the first quarter. Interval Partners LP now owns 147,623 shares of the construction company’s stock valued at $19,098,000 after acquiring an additional 131,966 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TOL has been the subject of several research reports. Wedbush increased their price objective on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, August 27th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Oppenheimer lifted their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, Evercore ISI upped their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $145.00.

Toll Brothers Stock Up 2.0 %

TOL opened at $153.12 on Friday. The business has a 50 day moving average price of $137.08 and a two-hundred day moving average price of $126.28. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.46 billion, a PE ratio of 10.46, a P/E/G ratio of 1.23 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $154.62.

Toll Brothers (NYSE:TOL) last announced its earnings results 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 return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.31 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. 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 currently 6.28%.

About Toll Brothers

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.