Trail Ridge Investment Advisors LLC Has $2.99 Million Holdings in Toll Brothers Inc. $TOL

Trail Ridge Investment Advisors LLC lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,232 shares of the construction company’s stock after selling 392 shares during the quarter. Toll Brothers accounts for approximately 1.4% of Trail Ridge Investment Advisors LLC’s holdings, making the stock its 18th largest holding. Trail Ridge Investment Advisors LLC’s holdings in Toll Brothers were worth $2,986,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TOL. Long Pond Capital LP acquired a new stake in Toll Brothers during the 1st quarter worth $117,870,000. Victory Capital Management Inc. raised its stake in Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock worth $102,907,000 after buying an additional 583,940 shares during the period. Dimensional Fund Advisors LP raised its stake in Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock worth $227,988,000 after buying an additional 375,372 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Toll Brothers during the 1st quarter worth $28,720,000. Finally, Amundi raised its stake in Toll Brothers by 429.1% during the 1st quarter. Amundi now owns 316,888 shares of the construction company’s stock worth $31,179,000 after buying an additional 256,996 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the transaction, the director owned 118,753 shares in the company, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Parahus sold 9,831 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the sale, the chief operating officer owned 19,692 shares of the company’s stock, valued at $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,643 shares of company stock worth $5,305,630 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research analyst reports. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wedbush reiterated an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a report on Thursday, September 18th. Royal Bank Of Canada increased their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Wells Fargo & Company increased their target price on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $134.96 on Friday. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.60 and a beta of 1.40. The business has a 50-day moving average of $138.10 and a 200-day moving average of $121.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.60 EPS. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

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.