EMG Holdings L.P. Acquires Shares of 25,000 Toll Brothers, Inc. (NYSE:TOL)

EMG Holdings L.P. acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the construction company’s stock, valued at approximately $2,880,000. Toll Brothers comprises 1.4% of EMG Holdings L.P.’s holdings, making the stock its 11th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new stake in Toll Brothers in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers during the second quarter worth approximately $29,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers during the first quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Toll Brothers by 114.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TOL. Argus upped their price target on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada upped their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on Toll Brothers from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price objective on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $145.00 price objective (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Toll Brothers Stock Up 2.0 %

Toll Brothers stock opened at $153.12 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $154.62. The stock’s fifty day moving average is $137.08 and its two-hundred day moving average is $126.28.

Toll Brothers (NYSE:TOL) last posted 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. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.73 earnings per share. Analysts predict that Toll Brothers, Inc. will post 13.31 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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s payout ratio is currently 6.28%.

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.