Atria Investments Inc Takes $332,000 Position in Toll Brothers Inc. $TOL

Atria Investments Inc purchased a new stake in Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,909 shares of the construction company’s stock, valued at approximately $332,000.

A number of other large investors also recently bought and sold shares of TOL. Brooklyn Investment Group grew its holdings in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after buying an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after acquiring an additional 249 shares during the period. Finally, Operose Advisors LLC purchased a new stake in Toll Brothers in the 1st quarter worth $42,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Keefe, Bruyette & Woods raised their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Royal Bank Of Canada boosted their price objective on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Argus raised their target price on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Stock Up 1.1%

TOL stock opened at $135.71 on Wednesday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $137.43 and a two-hundred day moving average of $123.70. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.60 and a beta of 1.37.

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

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s dividend payout ratio is presently 7.35%.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the transaction, the director owned 118,753 shares in the company, valued at $17,533,880.45. The trade was a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer directly owned 19,692 shares in the company, valued at approximately $2,576,501.28. The trade was a 33.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,643 shares of company stock valued at $5,305,630 in the last three months. 1.54% of the stock is currently owned by insiders.

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.