Cambridge Investment Research Advisors Inc. Has $1.05 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Cambridge Investment Research Advisors Inc. reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,087 shares of the construction company’s stock after selling 266 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Toll Brothers were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TOL. Ossiam boosted its position in shares of Toll Brothers by 122.8% in the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after acquiring an additional 4,159 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Toll Brothers by 36.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after purchasing an additional 8,474 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Toll Brothers by 46.7% during the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after purchasing an additional 8,234 shares during the period. Van ECK Associates Corp raised its position in shares of Toll Brothers by 36.5% in the first quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after buying an additional 10,823 shares in the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after buying an additional 16,503 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. Insiders sold a total of 130,257 shares of company stock valued at $18,552,950 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TOL. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Bank of America lifted their price objective on Toll Brothers from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group lifted their price objective on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Royal Bank of Canada lifted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.

Toll Brothers Price Performance

Shares of TOL opened at $137.79 on Friday. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $149.77. The business has a 50-day simple moving average of $130.06 and a two-hundred day simple moving average of $123.72. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.14 billion, a PE ratio of 9.41, a PEG ratio of 1.17 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 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts anticipate that Toll Brothers, Inc. will post 13.39 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.67%. Toll Brothers’s payout ratio is presently 6.28%.

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.