Lombard Odier Asset Management Europe Ltd Makes New $4.03 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Lombard Odier Asset Management Europe Ltd bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,000 shares of the construction company’s stock, valued at approximately $4,031,000.

Several other hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp grew its position in Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after buying an additional 82 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its position in Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after purchasing an additional 89 shares during the period. J.Safra Asset Management Corp grew its stake in Toll Brothers by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after buying an additional 90 shares in the last quarter. Diversified Trust Co increased its holdings in Toll Brothers by 1.7% in the 2nd quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after buying an additional 100 shares during the period. Finally, Ellis Investment Partners LLC raised its position in shares of Toll Brothers by 2.8% in the 2nd quarter. Ellis Investment Partners LLC now owns 3,885 shares of the construction company’s stock valued at $447,000 after buying an additional 105 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $150.44 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $154.62. The firm has a market cap of $15.44 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. The firm’s fifty day moving average is $137.63 and its 200-day moving average is $126.64.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.73 EPS. Sell-side analysts predict that Toll Brothers, Inc. will post 13.31 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.28%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays increased their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Oppenheimer upped their price objective on Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Argus lifted their target price on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their target price for the stock from $112.00 to $124.00 in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

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.