Lebenthal Global Advisors LLC Has $399,000 Holdings in Toll Brothers, Inc. (NYSE:TOL)

Lebenthal Global Advisors LLC boosted its stake in Toll Brothers, Inc. (NYSE:TOL) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,467 shares of the construction company’s stock after buying an additional 538 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Toll Brothers were worth $399,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TOL. Fifth Third Bancorp increased its stake in shares of Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after buying an additional 82 shares during the period. J.Safra Asset Management Corp increased its position in Toll Brothers by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after purchasing an additional 90 shares during the period. Diversified Trust Co raised its holdings in Toll Brothers by 1.7% during the 2nd quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock worth $683,000 after purchasing an additional 100 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Toll Brothers by 35.7% during the 1st quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after purchasing an additional 105 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Toll Brothers by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after purchasing an additional 106 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 16,194 shares of the 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 transaction, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the firm’s 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 transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent research reports. Argus upped their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and increased their target price for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Evercore ISI upped their price target on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday. Two equities research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Toll Brothers Stock Up 5.3 %

Shares of NYSE:TOL traded up $7.45 during midday trading on Friday, reaching $148.72. 2,498,388 shares of the company were exchanged, compared to its average volume of 1,413,450. The firm has a market cap of $15.27 billion, a PE ratio of 10.16, a P/E/G ratio of 1.05 and a beta of 1.67. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $148.95. The stock has a fifty day simple moving average of $126.00 and a two-hundred day simple moving average of $121.28. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39.

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

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is currently 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.