OMC Financial Services LTD Decreases Stock Holdings in Toll Brothers Inc. $TOL

OMC Financial Services LTD decreased its position in Toll Brothers Inc. (NYSE:TOL) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,630 shares of the construction company’s stock after selling 752 shares during the quarter. OMC Financial Services LTD’s holdings in Toll Brothers were worth $2,012,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TOL. State of Alaska Department of Revenue increased its position in shares of Toll Brothers by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 11,706 shares of the construction company’s stock valued at $1,236,000 after acquiring an additional 190 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Toll Brothers by 16.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,411 shares of the construction company’s stock valued at $1,205,000 after acquiring an additional 1,582 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Toll Brothers by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 29,898 shares of the construction company’s stock valued at $3,157,000 after acquiring an additional 4,239 shares during the period. Moran Wealth Management LLC increased its position in shares of Toll Brothers by 3.7% during the first quarter. Moran Wealth Management LLC now owns 35,943 shares of the construction company’s stock valued at $3,795,000 after buying an additional 1,269 shares during the period. Finally, Strategic Investment Advisors MI increased its position in shares of Toll Brothers by 3.6% during the first quarter. Strategic Investment Advisors MI now owns 5,229 shares of the construction company’s stock valued at $552,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TOL. Keefe, Bruyette & Woods boosted 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 report on Thursday, August 28th. Citigroup boosted their price target 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. Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target 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, Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Insider Transactions at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were 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. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the transaction, the chief executive officer owned 286,117 shares in the company, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,643 shares of company stock worth $5,305,630. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 1.7%

Shares of NYSE TOL opened at $137.97 on Wednesday. The firm’s 50 day moving average price is $137.49 and its 200-day moving average price is $119.08. The company has a market cap of $13.30 billion, a PE ratio of 10.14, a P/E/G ratio of 1.61 and a beta of 1.40. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-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.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business’s 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. On average, equities research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s dividend payout ratio is currently 7.35%.

Toll Brothers Company 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.