Hilltop National Bank Takes Position in Toll Brothers Inc. $TOL

Hilltop National Bank purchased a new stake in Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 8,170 shares of the construction company’s stock, valued at approximately $932,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Deltec Asset Management LLC acquired a new position in shares of Toll Brothers in the 2nd quarter valued at about $1,141,000. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in shares of Toll Brothers by 23.5% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 10,000 shares of the construction company’s stock valued at $1,141,000 after buying an additional 1,900 shares during the period. Greenleaf Trust acquired a new position in Toll Brothers during the 2nd quarter valued at about $211,000. HB Wealth Management LLC boosted its stake in Toll Brothers by 12.0% during the 2nd quarter. HB Wealth Management LLC now owns 2,563 shares of the construction company’s stock valued at $293,000 after purchasing an additional 274 shares during the period. Finally, Consolidated Capital Management LLC boosted its stake in Toll Brothers by 3.5% during the 2nd quarter. Consolidated Capital Management LLC now owns 32,874 shares of the construction company’s stock valued at $3,752,000 after purchasing an additional 1,123 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Down 0.2%

TOL stock opened at $139.62 on Friday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.66 and a beta of 1.40. The firm’s 50-day moving average is $134.85 and its two-hundred day moving average is $116.50. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36.

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

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers’s payout ratio is presently 7.35%.

Insiders Place Their Bets

In related news, Director Stephen F. East sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director directly owned 12,787 shares in the company, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares in the company, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,413 shares of company stock worth $5,746,216. Company insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TOL shares. Royal Bank Of Canada boosted their target price 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. Argus boosted their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Raymond James Financial reissued a “strong-buy” rating and set a $160.00 target price (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Wells Fargo & Company boosted their target price 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. Finally, Bank of America boosted their target price on shares of Toll Brothers from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.43.

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.