Creative Planning Purchases 1,147 Shares of Toll Brothers, Inc. (NYSE:TOL)

Creative Planning boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 14.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,260 shares of the construction company’s stock after acquiring an additional 1,147 shares during the period. Creative Planning’s holdings in Toll Brothers were worth $1,067,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp lifted its stake in Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after buying an additional 82 shares during the period. Clifford Swan Investment Counsel LLC lifted its holdings in Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after acquiring an additional 89 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Toll Brothers by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after acquiring an additional 90 shares during the period. Diversified Trust Co grew its stake in Toll Brothers by 1.7% in the second quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after acquiring an additional 100 shares during the period. Finally, Ellis Investment Partners LLC increased its stake in Toll Brothers by 2.8% during the 2nd quarter. Ellis Investment Partners LLC now owns 3,885 shares of the construction company’s stock worth $447,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,257 shares of company stock valued at $28,646,402. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Down 1.3 %

Shares of TOL opened at $149.07 on Friday. The stock has a fifty day moving average of $142.55 and a 200-day moving average of $129.53. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $156.08. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.21 and a beta of 1.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52.

Toll Brothers (NYSE:TOL) last issued its quarterly 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 net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company earned $3.73 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. Toll Brothers’s payout ratio is currently 6.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TOL shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Citigroup lowered their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Royal Bank of Canada raised their price target on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI upped their target price on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Bank of America lifted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.07.

Toll Brothers 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.