LSV Asset Management Reduces Stock Position in Toll Brothers Inc. $TOL

LSV Asset Management lessened its stake in Toll Brothers Inc. (NYSE:TOL) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 969,789 shares of the construction company’s stock after selling 30,600 shares during the period. LSV Asset Management owned approximately 0.99% of Toll Brothers worth $110,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Toll Brothers by 57.9% in the first quarter. Envestnet Asset Management Inc. now owns 49,536 shares of the construction company’s stock valued at $5,231,000 after acquiring an additional 18,163 shares during the period. Signaturefd LLC increased its position in shares of Toll Brothers by 22.7% during the 1st quarter. Signaturefd LLC now owns 1,130 shares of the construction company’s stock valued at $119,000 after purchasing an additional 209 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after purchasing an additional 177 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Toll Brothers by 11.3% in the first quarter. Private Advisor Group LLC now owns 43,544 shares of the construction company’s stock worth $4,598,000 after buying an additional 4,434 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Toll Brothers by 33.0% during the first quarter. Kestra Private Wealth Services LLC now owns 3,531 shares of the construction company’s stock valued at $373,000 after buying an additional 877 shares during the period. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TOL. Keefe, Bruyette & Woods upped their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Argus upped their price objective on Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Wedbush reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Toll Brothers in a report on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Finally, Bank of America reduced their price target on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Two 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was 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 $39,558,536.42. This represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on 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 sale, the chief operating officer 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 disclosure for this sale is available in the SEC filing. Insiders sold 38,643 shares of company stock worth $5,305,630 in the last three months. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Down 3.0%

Shares of Toll Brothers stock opened at $126.46 on Tuesday. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. 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 company has a market capitalization of $12.19 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.60 and a beta of 1.37. The company has a fifty day moving average of $136.29 and a 200 day moving average of $124.54.

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 the consensus estimate of $3.59 by $0.14. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.60 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date of this dividend 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%.

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.