Toll Brothers Inc. $TOL Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. reduced its position in shares of Toll Brothers Inc. (NYSE:TOL) by 10.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,381 shares of the construction company’s stock after selling 285 shares during the period. Harbour Investments Inc.’s holdings in Toll Brothers were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TOL. Long Pond Capital LP acquired a new position in Toll Brothers during the first quarter worth about $117,870,000. Victory Capital Management Inc. grew its holdings in Toll Brothers by 149.5% during the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock worth $102,907,000 after acquiring an additional 583,940 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 worth $227,988,000 after acquiring an additional 375,372 shares during the period. Ceredex Value Advisors LLC acquired a new position in Toll Brothers during the first quarter worth about $28,720,000. Finally, Amundi increased its stake in Toll Brothers by 429.1% in the 1st quarter. Amundi now owns 316,888 shares of the construction company’s stock worth $31,179,000 after purchasing an additional 256,996 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TOL has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Citigroup lifted their price target on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wedbush reissued an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Evercore ISI reissued an “in-line” rating and issued a $160.00 price target (down previously from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

Toll Brothers Trading Up 1.7%

Shares of NYSE TOL opened at $137.97 on Wednesday. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. The firm has a market capitalization of $13.30 billion, a PE ratio of 10.14, a PEG ratio of 1.61 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 business has a 50-day moving average price of $137.49 and a two-hundred day moving average price of $119.08.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 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 firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period last year, the company posted $3.60 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.25 per share. 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 payout ratio is currently 7.35%.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. The trade was a 3.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated 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 sale, the chief executive officer owned 286,117 shares of the company’s stock, valued at approximately $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,643 shares of company stock worth $5,305,630 in the last three months. 1.54% of the stock is owned by insiders.

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.