Thurston Springer Miller Herd & Titak Inc. Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 2nd quarter, Holdings Channel reports. The fund bought 250 shares of the construction company’s stock, valued at approximately $29,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp raised its holdings in Toll Brothers by 28.9% in the first quarter. J.Safra Asset Management Corp now owns 419 shares of the construction company’s stock valued at $54,000 after acquiring an additional 94 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Toll Brothers by 35.7% in the 1st quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC lifted its position 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 worth $113,000 after buying an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Toll Brothers by 114.5% in the 2nd 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 during the last quarter. Finally, Gratus Wealth Advisors LLC lifted its position in shares of Toll Brothers by 4.1% in the 1st quarter. Gratus Wealth Advisors LLC now owns 4,758 shares of the construction company’s stock worth $616,000 after buying an additional 188 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of TOL traded up $1.02 during mid-day trading on Tuesday, hitting $129.13. The company’s stock had a trading volume of 1,144,819 shares, compared to its average volume of 1,396,002. The firm has a 50-day moving average price of $122.45 and a 200 day moving average price of $118.39. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.10 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $146.75.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $2.85 earnings per share. On average, research analysts predict that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Analysts Set New Price Targets

TOL has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a research report on Wednesday, May 22nd. Barclays cut their price objective on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Evercore ISI lifted their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Citigroup cut their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.25.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers 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 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the firm’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 of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold a total of 20,170 shares of company stock valued at $2,407,335 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

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.