Vest Financial LLC Has $2.64 Million Stock Holdings in Toll Brothers Inc. $TOL

Vest Financial LLC cut its holdings in Toll Brothers Inc. (NYSE:TOL) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,119 shares of the construction company’s stock after selling 1,589 shares during the quarter. Vest Financial LLC’s holdings in Toll Brothers were worth $2,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trail Ridge Investment Advisors LLC increased its stake in shares of Toll Brothers by 0.5% in the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock valued at $2,706,000 after buying an additional 132 shares in the last quarter. Left Brain Wealth Management LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at $317,000. MQS Management LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at $649,000. Financial Security Advisor Inc. acquired a new stake in shares of Toll Brothers in the first quarter valued at $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at $227,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The stock was 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 $39,558,536.42. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $130.84, for a total value of $1,286,288.04. Following the transaction, the chief operating officer 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. Insiders have sold 38,643 shares of company stock worth $5,305,630 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TOL shares. Royal Bank Of Canada raised their price target on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Citigroup raised their price target on Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Finally, Bank of America decreased their price target on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Two investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Toll Brothers Price Performance

Shares of TOL opened at $133.22 on Wednesday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The stock has a market cap of $12.84 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The stock’s 50-day moving average price is $136.52 and its two-hundred day moving average price is $117.96.

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 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 for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the business earned $3.60 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. On average, equities 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 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 0.8%. The ex-dividend date is Friday, October 10th. Toll Brothers’s payout ratio is 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.