Diversified Trust Co Buys 3,244 Shares of Toll Brothers, Inc. (NYSE:TOL)

Diversified Trust Co increased its stake in Toll Brothers, Inc. (NYSE:TOL) by 125.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,826 shares of the construction company’s stock after buying an additional 3,244 shares during the period. Diversified Trust Co’s holdings in Toll Brothers were worth $754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Register Financial Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter worth approximately $26,000. Contravisory Investment Management Inc. purchased a new stake in Toll Brothers in the first quarter worth $34,000. Rise Advisors LLC purchased a new stake in Toll Brothers in the first quarter worth $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in Toll Brothers in the fourth quarter worth $36,000. Finally, Baker Avenue Asset Management LP lifted its position in Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 1.0 %

Shares of TOL stock opened at $111.23 on Wednesday. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $135.37. The stock has a market capitalization of $11.42 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.94 and a beta of 1.67. The firm’s 50 day moving average is $121.02 and its 200 day moving average is $114.04.

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

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold 21,670 shares of company stock worth $2,586,315 in the last quarter. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TOL. Argus increased their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Raymond James reaffirmed a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their target price for the company from $112.00 to $124.00 in a report on Monday, June 17th. Citigroup cut their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price objective on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.13.

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.