Toll Brothers, Inc. (NYSE:TOL) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 23.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,074 shares of the construction company’s stock after acquiring an additional 201 shares during the period. GAMMA Investing LLC’s holdings in Toll Brothers were worth $124,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TOL. Register Financial Advisors LLC bought a new position in shares of Toll Brothers during the first quarter worth about $26,000. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers in the first quarter worth about $34,000. Rise Advisors LLC acquired a new stake in Toll Brothers in the first quarter worth about $35,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Toll Brothers in the fourth quarter worth about $36,000. Finally, Venturi Wealth Management LLC lifted its holdings in Toll Brothers by 35.7% in the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after purchasing an additional 105 shares during the period. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a report on Wednesday, May 22nd. Citigroup reduced their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Evercore ISI upped their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and upped their price target for the company from $112.00 to $124.00 in a report on Monday, June 17th. Finally, Raymond James reissued a “strong-buy” rating and issued a $145.00 price target (up from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 16,194 shares of the 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 completion of the sale, the chief financial officer now directly 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 a total of 20,170 shares of company stock worth $2,407,335 over the last 90 days. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.8 %

NYSE:TOL opened at $129.13 on Wednesday. The stock’s 50 day moving average price is $122.45 and its 200 day moving average price is $118.39. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $146.75. The company has a market capitalization of $13.26 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.10 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59.

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

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 annualized dividend and a yield of 0.71%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

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.