Gateway Investment Advisers LLC Acquires 2,928 Shares of Toll Brothers, Inc. (NYSE:TOL)

Gateway Investment Advisers LLC grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,869 shares of the construction company’s stock after acquiring an additional 2,928 shares during the quarter. Gateway Investment Advisers LLC owned about 0.14% of Toll Brothers worth $16,225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Register Financial Advisors LLC purchased a new stake in Toll Brothers during the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers during the 2nd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV boosted its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in Toll Brothers during the first quarter valued at approximately $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.7 %

Toll Brothers stock traded up $0.92 during trading hours on Friday, hitting $127.58. The stock had a trading volume of 1,073,493 shares, compared to its average volume of 1,395,293. The stock’s 50-day moving average price is $122.98 and its 200-day moving average price is $119.00. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $146.75. 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 market capitalization of $13.10 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data 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 business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the company posted $2.85 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Analyst Ratings Changes

TOL has been the subject of several analyst reports. Wedbush restated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. UBS Group boosted their price objective on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Wells Fargo & Company lifted their price objective on Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Raymond James reaffirmed a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Finally, Evercore ISI increased their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.25.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 can be accessed through the SEC website. In other news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The stock was 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 approximately $3,387,295.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,170 shares of company stock worth $2,407,335. Company 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.