Vise Technologies Inc. Takes Position in Toll Brothers Inc. $TOL

Vise Technologies Inc. bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 3,365 shares of the construction company’s stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. Allworth Financial LP increased its holdings in shares of Toll Brothers by 1,242.2% during the second quarter. Allworth Financial LP now owns 1,463 shares of the construction company’s stock worth $167,000 after buying an additional 1,354 shares in the last quarter. Fidelis Capital Partners LLC raised its position in Toll Brothers by 4.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,502 shares of the construction company’s stock valued at $315,000 after purchasing an additional 107 shares during the last quarter. ProShare Advisors LLC boosted its stake in Toll Brothers by 3.6% in the second quarter. ProShare Advisors LLC now owns 4,408 shares of the construction company’s stock worth $503,000 after purchasing an additional 155 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Toll Brothers by 1,882.2% during the second quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock worth $102,000 after purchasing an additional 847 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Toll Brothers in the second quarter valued at about $575,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the transaction, the chief executive officer directly owned 286,117 shares in the company, valued at approximately $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 38,643 shares of company stock valued at $5,305,630. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Argus raised their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Citigroup boosted their target price on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Finally, Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.43.

Toll Brothers Stock Down 1.3%

NYSE:TOL opened at $130.17 on Friday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The stock’s fifty day simple moving average is $136.72 and its 200-day simple moving average is $124.20. The firm has a market capitalization of $12.55 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.60 and a beta of 1.37.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.60 earnings per share. Equities research analysts expect 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 was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s payout ratio is currently 7.35%.

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.