Park Avenue Securities LLC Acquires New Position in Toll Brothers, Inc. (NYSE:TOL)

Park Avenue Securities LLC bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,749 shares of the construction company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Toll Brothers by 13.8% in the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after purchasing an additional 106 shares during the period. Baker Avenue Asset Management LP raised its position in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Cannell & Co. boosted its stake in shares of Toll Brothers by 3.0% in the 4th quarter. Cannell & Co. now owns 6,850 shares of the construction company’s stock valued at $704,000 after buying an additional 200 shares during the period. National Bank of Canada FI grew its position in shares of Toll Brothers by 0.5% during the fourth quarter. National Bank of Canada FI now owns 41,463 shares of the construction company’s stock worth $4,177,000 after buying an additional 221 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Toll Brothers by 2.1% during the third quarter. Tower Research Capital LLC TRC now owns 12,207 shares of the construction company’s stock worth $903,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TOL. Argus boosted their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Keefe, Bruyette & Woods increased their target price on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Citigroup lifted their price target on Toll Brothers from $138.00 to $139.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Raymond James reiterated a “strong-buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Finally, UBS Group boosted their target price on Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy 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 $129.07.

Toll Brothers Stock Down 2.5 %

TOL stock opened at $112.30 on Tuesday. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.67. The company has a fifty day moving average price of $121.19 and a 200 day moving average price of $113.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $135.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Insider Activity

In other news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,670 shares of company stock valued at $2,586,315. Company insiders own 1.54% of the company’s stock.

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.