Dynamic Technology Lab Private Ltd Makes New Investment in Toll Brothers Inc. $TOL

Dynamic Technology Lab Private Ltd purchased a new stake in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,810 shares of the construction company’s stock, valued at approximately $1,462,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings 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 worth $37,000 after acquiring an additional 182 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Toll Brothers by 218.4% during 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 last quarter. Operose Advisors LLC acquired a new position in shares of Toll Brothers during the 1st quarter valued at about $42,000. Finally, Pinnacle Holdings LLC grew its holdings in shares of Toll Brothers by 136.0% in the first quarter. Pinnacle Holdings LLC now owns 472 shares of the construction company’s stock valued at $50,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $126.19 on Friday. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The firm has a market capitalization of $12.16 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The business’s fifty day moving average price is $135.16 and its 200 day moving average price is $124.72.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the business earned $3.60 EPS. Toll Brothers’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.8%. Toll Brothers’s payout ratio is presently 7.35%.

Insider Buying and Selling

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares in the company, valued at approximately $39,558,536.42. This represents a 8.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the director owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Bank of America decreased their target price on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Wells Fargo & Company upped their price objective on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Argus lifted their target price on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wedbush reissued an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada increased their price target on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Two equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

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.