Toll Brothers, Inc. (NYSE:TOL) Stock Position Raised by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 158.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,661 shares of the construction company’s stock after buying an additional 5,921 shares during the quarter. Inspire Investing LLC’s holdings in Toll Brothers were worth $1,250,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth $26,000. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers during the first quarter valued at $34,000. Rise Advisors LLC acquired a new stake in Toll Brothers during the first quarter valued at $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in Toll Brothers during the fourth quarter valued at about $36,000. Finally, Venturi Wealth Management LLC raised its holdings in Toll Brothers by 35.7% during the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after buying an additional 105 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TOL. Oppenheimer lifted their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. UBS Group increased their target price on Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Evercore ISI increased their price target on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank of Canada upped their price objective on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and increased their price target for the company from $112.00 to $124.00 in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.25.

Toll Brothers Stock Up 5.5 %

Shares of NYSE TOL traded up $6.82 during mid-day trading on Tuesday, hitting $130.30. The company had a trading volume of 957,097 shares, compared to its average volume of 1,385,765. The company has a market capitalization of $13.38 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67. The firm has a 50-day simple moving average of $119.95 and a two-hundred day simple moving average of $114.80. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $135.37.

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

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is 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%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders sold 20,170 shares of company stock worth $2,407,335 over the last three months. Insiders own 1.54% of the company’s stock.

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.