2,886 Shares in Toll Brothers Inc. $TOL Acquired by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL) during the second quarter, HoldingsChannel.com reports. The firm purchased 2,886 shares of the construction company’s stock, valued at approximately $329,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Wells Fargo & Company upped their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Seaport Res Ptn raised shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Finally, Wedbush reissued an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Stock Performance

TOL opened at $134.96 on Friday. The firm has a market cap of $13.01 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The business’s fifty day moving average is $138.10 and its 200-day moving average is $121.46.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the firm posted $3.60 EPS. Toll Brothers’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 10th. Toll Brothers’s dividend payout ratio is 7.35%.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director owned 118,753 shares of the company’s stock, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer directly owned 19,692 shares of the company’s stock, valued at approximately $2,576,501.28. This trade represents a 33.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 38,643 shares of company stock valued at $5,305,630. Company 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.