Eads & Heald Wealth Management Makes New $226,000 Investment in Toll Brothers Inc. $TOL

Eads & Heald Wealth Management bought a new stake in Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,976 shares of the construction company’s stock, valued at approximately $226,000.

A number of other hedge funds have also recently modified their holdings of TOL. Sound Income Strategies LLC lifted its position in Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Toll Brothers by 128.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after buying an additional 249 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Down 1.3%

TOL stock opened at $140.83 on Tuesday. The stock has a market capitalization of $13.57 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40. The company has a fifty day moving average of $135.60 and a 200-day moving average of $117.14. 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 Inc. has a one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly 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 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 firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. As a group, analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on 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 directly owned 286,117 shares in the company, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TOL shares. Argus boosted their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Citigroup increased their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Keefe, Bruyette & Woods increased their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.43.

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.