Hobbs Group Advisors LLC Takes $44,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Hobbs Group Advisors LLC acquired a new position in Toll Brothers, Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 380 shares of the construction company’s stock, valued at approximately $44,000.

A number of other large investors also recently bought and sold shares of TOL. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers in the 2nd quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after buying an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new position in shares of Toll Brothers during the 1st quarter worth approximately $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth approximately $35,000. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

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

Toll Brothers Trading Up 6.0 %

Toll Brothers stock traded up $8.06 during trading on Wednesday, reaching $141.58. The company had a trading volume of 2,238,386 shares, compared to its average volume of 1,392,342. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $146.75. The stock’s 50 day moving average price is $124.58 and its two-hundred day moving average price is $120.65. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.05 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, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.73 earnings per share. As a group, equities analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors 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 annualized dividend and a yield of 0.65%. Toll Brothers’s dividend payout ratio is presently 6.28%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Finally, Wedbush restated a “neutral” rating and set a $120.00 target price on shares of Toll Brothers in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

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.