Great Lakes Retirement Inc. Has $1.25 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Great Lakes Retirement Inc. raised its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,670 shares of the construction company’s stock after acquiring an additional 378 shares during the period. Great Lakes Retirement Inc.’s holdings in Toll Brothers were worth $1,251,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Voss Capital LLC bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $8,223,000. Ossiam grew its stake in shares of Toll Brothers by 122.8% during the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after purchasing an additional 4,159 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Toll Brothers by 41.2% during the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after purchasing an additional 243,553 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Toll Brothers by 36.4% during the first quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after purchasing an additional 8,474 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Toll Brothers by 46.7% during the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after purchasing an additional 8,234 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers 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 in the company, valued at approximately $3,012,006.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers 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 in the company, valued at approximately $3,012,006.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction 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 sale, the chief financial officer now owns 28,527 shares in the company, 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 ninety days. Company insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup reduced their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Raymond James reaffirmed a “strong-buy” rating and issued a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Barclays reduced their price objective on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the company from $112.00 to $124.00 in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.25.

Toll Brothers Stock Up 0.2 %

Shares of NYSE:TOL traded up $0.20 during midday trading on Friday, reaching $131.56. 995,847 shares of the company were exchanged, compared to its average volume of 1,390,842. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $137.20. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $120.34 and a two-hundred day simple moving average of $115.41. The firm has a market cap of $13.50 billion, a PE ratio of 8.99, a P/E/G ratio of 1.04 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued 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 company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the business earned $2.85 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.70%. Toll Brothers’s payout ratio is 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.