Capital Insight Partners LLC Purchases 355 Shares of Toll Brothers, Inc. (NYSE:TOL)

Capital Insight Partners LLC increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,351 shares of the construction company’s stock after purchasing an additional 355 shares during the quarter. Capital Insight Partners LLC’s holdings in Toll Brothers were worth $1,653,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Toll Brothers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after acquiring an additional 216,849 shares during the last quarter. Greenhaven Associates Inc. grew its holdings in shares of Toll Brothers by 1.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after purchasing an additional 52,893 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Toll Brothers by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock valued at $372,198,000 after buying an additional 14,449 shares during the period. Norges Bank purchased a new position in shares of Toll Brothers in the 4th quarter valued at approximately $128,982,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Toll Brothers by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after acquiring an additional 12,493 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In other 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 transaction of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the 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 sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction dated 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 sale, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. 1.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research reports. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a report on Wednesday. Royal Bank of Canada raised their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James reiterated a “strong-buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Finally, Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $7.45 during trading hours on Friday, reaching $148.72. The stock had a trading volume of 2,498,388 shares, compared to its average volume of 1,413,450. The firm has a market capitalization of $15.27 billion, a PE ratio of 10.16, a PEG ratio of 1.05 and a beta of 1.67. The stock’s 50 day moving average is $126.00 and its 200 day moving average is $121.28. 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 twelve month low of $68.08 and a twelve month high of $148.95.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, July 5th. 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.