Chase Investment Counsel Corp Invests $921,000 in Toll Brothers, Inc. (NYSE:TOL)

Chase Investment Counsel Corp acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,000 shares of the construction company’s stock, valued at approximately $921,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TOL. Ossiam grew its holdings in Toll Brothers by 122.8% in the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock worth $776,000 after buying an additional 4,159 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Toll Brothers by 36.4% in the first quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after purchasing an additional 8,474 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Toll Brothers by 46.7% during the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after purchasing an additional 8,234 shares during the period. Van ECK Associates Corp raised its stake in shares of Toll Brothers by 36.5% during the first quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after purchasing an additional 10,823 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after purchasing an additional 16,503 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Down 0.6 %

Shares of Toll Brothers stock traded down $0.84 during trading on Thursday, hitting $139.04. The stock had a trading volume of 217,727 shares, compared to its average volume of 1,395,339. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.27 billion, a PE ratio of 9.56, a P/E/G ratio of 1.17 and a beta of 1.67. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $149.77. The stock has a 50 day simple moving average of $129.58 and a 200 day simple moving average of $123.60.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.73 EPS. On average, research analysts expect that Toll Brothers, Inc. will post 13.39 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 3,806 shares of the 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 completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,257 shares of company stock worth $18,552,950. 1.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TOL. Citigroup reduced their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Bank of America upped their target price on Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wedbush lifted their price target on Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Finally, Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.67.

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.