Burney Co. Reduces Stake in Toll Brothers Inc. $TOL

Burney Co. lowered its position in Toll Brothers Inc. (NYSE:TOL) by 49.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,294 shares of the construction company’s stock after selling 49,620 shares during the period. Burney Co. owned about 0.05% of Toll Brothers worth $5,854,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TOL. Concurrent Investment Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter valued at about $227,000. Envestnet Asset Management Inc. boosted its holdings in shares of Toll Brothers by 57.9% in the first quarter. Envestnet Asset Management Inc. now owns 49,536 shares of the construction company’s stock worth $5,231,000 after buying an additional 18,163 shares during the last quarter. LBP AM SA grew its position in Toll Brothers by 4.7% during the first quarter. LBP AM SA now owns 2,834 shares of the construction company’s stock valued at $299,000 after buying an additional 127 shares during the period. Cerity Partners LLC grew its position in Toll Brothers by 78.8% during the first quarter. Cerity Partners LLC now owns 38,385 shares of the construction company’s stock valued at $4,053,000 after buying an additional 16,922 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in Toll Brothers by 18.6% during the first quarter. Fidelis Capital Partners LLC now owns 2,395 shares of the construction company’s stock valued at $240,000 after buying an additional 375 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s 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 transaction, the chief executive officer owned 286,117 shares of the company’s stock, valued at $39,558,536.42. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers 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 sale, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Performance

NYSE:TOL opened at $134.96 on Monday. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.60 and a beta of 1.40. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The stock’s 50 day simple moving average is $138.10 and its two-hundred day simple moving average is $121.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51.

Toll Brothers (NYSE:TOL) last issued 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. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $3.60 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were given 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 was Friday, October 10th. Toll Brothers’s payout ratio is 7.35%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TOL. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Argus raised 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $160.00 target price (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.43.

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.