First Citizens Bank & Trust Co. Purchases 7,189 Shares of Toll Brothers Inc. $TOL

First Citizens Bank & Trust Co. lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 267.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,875 shares of the construction company’s stock after purchasing an additional 7,189 shares during the period. First Citizens Bank & Trust Co.’s holdings in Toll Brothers were worth $1,127,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Greenhaven Associates Inc. lifted its position in shares of Toll Brothers by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after purchasing an additional 39,334 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Toll Brothers by 21.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after purchasing an additional 375,372 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Toll Brothers by 17.1% during the first quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock valued at $146,572,000 after purchasing an additional 208,064 shares in the last quarter. Long Pond Capital LP bought a new position in shares of Toll Brothers during the first quarter valued at about $117,870,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock valued at $115,217,000 after purchasing an additional 67,156 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Up 1.0%

Toll Brothers stock opened at $138.05 on Friday. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.62 and a beta of 1.40. 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 simple moving average of $137.80 and a 200 day simple moving average of $119.81.

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

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s payout ratio is currently 7.35%.

Wall Street Analyst Weigh In

Several analysts have commented on TOL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Friday. Evercore ISI reissued an “in-line” rating and set a $160.00 target price (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Wells Fargo & Company increased their target price on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Royal Bank Of Canada increased their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Finally, Citigroup increased their target price on shares of Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred 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 directly owned 286,117 shares in the company, valued at approximately $39,558,536.42. The trade was a 8.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. This trade represents a 33.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,643 shares of company stock worth $5,305,630. Corporate insiders own 1.54% of the company’s stock.

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.