Paloma Partners Management Co Purchases Shares of 3,816 Toll Brothers, Inc. (NYSE:TOL)

Paloma Partners Management Co purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,816 shares of the construction company’s stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Norges Bank purchased a new stake in Toll Brothers in the 4th quarter valued at about $128,982,000. Jennison Associates LLC grew its holdings in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after purchasing an additional 243,553 shares during the period. Vanguard Group Inc. grew its holdings in shares of Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after purchasing an additional 216,849 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Toll Brothers by 93.2% during the 4th quarter. Victory Capital Management Inc. now owns 385,024 shares of the construction company’s stock worth $39,577,000 after purchasing an additional 185,746 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in shares of Toll Brothers during the 4th quarter worth about $18,792,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In related news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction 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 completion of the transaction, 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 SEC, which is available through this link. In related news, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction on Monday, June 10th. The stock was 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 in the company, valued at approximately $3,387,295.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 3,806 shares of the company’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 owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,170 shares of company stock worth $2,407,335. 1.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

TOL has been the subject of a number of research reports. Wedbush reiterated a “neutral” rating and set a $105.00 target price on shares of Toll Brothers in a report on Wednesday, May 22nd. Argus boosted their target price on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Raymond James reiterated a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

Toll Brothers Stock Performance

Shares of NYSE TOL traded up $2.74 during trading on Monday, reaching $142.19. The stock had a trading volume of 1,275,845 shares, compared to its average volume of 1,395,115. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $142.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The stock has a market cap of $14.60 billion, a PE ratio of 9.71, a P/E/G ratio of 1.13 and a beta of 1.67. The firm’s 50 day moving average price is $120.77 and its two-hundred day moving average price is $116.80.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm posted $2.85 earnings per share. Toll Brothers’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Toll Brothers Company 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.