Toll Brothers Inc. $TOL Shares Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC grew its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,443 shares of the construction company’s stock after purchasing an additional 130 shares during the quarter. Drive Wealth Management LLC’s holdings in Toll Brothers were worth $507,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was 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 in the company, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on 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 represents a 8.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,643 shares of company stock valued at $5,305,630. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.0%

Shares of NYSE TOL opened at $135.75 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $137.29 and its two-hundred day moving average price is $118.95. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The stock has a market capitalization of $13.08 billion, a P/E ratio of 9.97, a PEG ratio of 1.61 and a beta of 1.40.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.60 EPS. On average, analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TOL. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Bank of America dropped their target price on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Keefe, Bruyette & Woods boosted their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Finally, Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.43.

About Toll Brothers

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.