Clifford Swan Investment Counsel LLC Purchases 89 Shares of Toll Brothers, Inc. (NYSE:TOL)

Clifford Swan Investment Counsel LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,839 shares of the construction company’s stock after buying an additional 89 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Toll Brothers were worth $212,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Register Financial Advisors LLC bought a new position in shares of Toll Brothers in the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the second quarter valued at about $29,000. Contravisory Investment Management Inc. bought a new stake in Toll Brothers during the 1st quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV increased its position in shares of Toll Brothers by 114.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after acquiring an additional 142 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $139.39 on Tuesday. The business’s 50 day moving average price is $131.53 and its 200-day moving average price is $124.54. 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 $14.07 billion, a P/E ratio of 9.52, a P/E/G ratio of 1.14 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $149.77.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share 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 firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.73 earnings per share. Equities research analysts anticipate that Toll Brothers, Inc. will post 13.31 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. Toll Brothers’s payout ratio is 6.28%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TOL shares. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. Oppenheimer boosted their price target on Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wedbush lifted their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Royal Bank of Canada upped their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Bank of America raised their target price on Toll Brothers from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.67.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s 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 completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. Insiders sold 114,063 shares of company stock worth $16,630,075 in the last three months. 1.54% of the stock is owned by company insiders.

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.