Toll Brothers, Inc. (NYSE:TOL) Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,109 shares of the construction company’s stock after purchasing an additional 382 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Toll Brothers were worth $3,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TOL. Vanguard Group Inc. increased its holdings in shares of Toll Brothers by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after buying an additional 216,849 shares in the last quarter. Greenhaven Associates Inc. raised its position in shares of Toll Brothers by 1.0% during the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after purchasing an additional 52,893 shares during the period. Norges Bank purchased a new stake in shares of Toll Brothers during the fourth quarter valued at $128,982,000. Goldman Sachs Group Inc. boosted its position in shares of Toll Brothers by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock valued at $112,124,000 after purchasing an additional 12,493 shares during the period. Finally, Jupiter Asset Management Ltd. increased its stake in Toll Brothers by 0.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 718,809 shares of the construction company’s stock worth $92,992,000 after purchasing an additional 6,572 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TOL shares. UBS Group lifted their target price on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Wedbush raised their target price on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $144.67.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 3.4 %

Toll Brothers stock opened at $149.80 on Monday. The business has a 50 day moving average price of $134.13 and a two-hundred day moving average price of $125.43. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $150.30. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $3.73 earnings per share. Toll Brothers’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.31 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio is 6.28%.

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.