Sanctuary Advisors LLC Invests $5.15 Million in Toll Brothers, Inc. (NYSE:TOL)

Sanctuary Advisors LLC acquired a new position in Toll Brothers, Inc. (NYSE:TOL) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 42,810 shares of the construction company’s stock, valued at approximately $5,147,000.

Several other hedge funds also recently made changes to their positions in the business. KBC Group NV boosted its holdings in shares of Toll Brothers by 92.0% in the fourth quarter. KBC Group NV now owns 4,696 shares of the construction company’s stock worth $483,000 after buying an additional 2,250 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Toll Brothers by 11.5% during the fourth quarter. Belpointe Asset Management LLC now owns 3,726 shares of the construction company’s stock worth $383,000 after purchasing an additional 384 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Toll Brothers by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after purchasing an additional 12,493 shares during the period. First Trust Advisors LP boosted its holdings in shares of Toll Brothers by 19.7% during the fourth quarter. First Trust Advisors LP now owns 650,150 shares of the construction company’s stock worth $66,829,000 after purchasing an additional 106,902 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Toll Brothers by 60.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,633 shares of the construction company’s stock worth $2,018,000 after purchasing an additional 7,426 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,257 shares of company stock worth $28,646,402 in the last quarter. Insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $149.93 on Friday. The stock has a market cap of $15.39 billion, a P/E ratio of 10.24, a PEG ratio of 1.23 and a beta of 1.66. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $156.08. The company has a fifty day moving average price of $141.84 and a 200 day moving average price of $128.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.73 EPS. Analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s payout ratio is 6.28%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Oppenheimer raised their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays raised their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $147.07.

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.