Parcion Private Wealth LLC Invests $239,000 in Toll Brothers Inc. $TOL

Parcion Private Wealth LLC bought a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,095 shares of the construction company’s stock, valued at approximately $239,000.

A number of other hedge funds have also modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in shares of Toll Brothers in the 2nd quarter worth approximately $64,000. Jackson Thornton Wealth Management LLC acquired a new position in shares of Toll Brothers in the 2nd quarter worth approximately $232,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Toll Brothers by 15.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,591 shares of the construction company’s stock worth $984,000 after buying an additional 1,134 shares in the last quarter. Drive Wealth Management LLC raised its holdings in shares of Toll Brothers by 3.0% in the 2nd quarter. Drive Wealth Management LLC now owns 4,443 shares of the construction company’s stock worth $507,000 after buying an additional 130 shares in the last quarter. Finally, Lyell Wealth Management LP raised its holdings in shares of Toll Brothers by 12.0% in the 2nd quarter. Lyell Wealth Management LP now owns 77,178 shares of the construction company’s stock worth $8,808,000 after buying an additional 8,276 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Parahus sold 9,831 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the transaction, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,643 shares of company stock worth $5,305,630. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 1.3%

Shares of TOL opened at $136.14 on Thursday. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The business’s fifty day moving average price is $137.54 and its two-hundred day moving average price is $119.20. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $3.60 EPS. On average, analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Analyst Ratings Changes

TOL has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an “in-line” rating and set a $160.00 price target (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Wells Fargo & Company raised their price target on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, Citigroup raised their price target on Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.43.

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.