Savant Capital LLC Acquires 16,288 Shares of Toll Brothers Inc. $TOL

Savant Capital LLC lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 53.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,981 shares of the construction company’s stock after acquiring an additional 16,288 shares during the quarter. Savant Capital LLC’s holdings in Toll Brothers were worth $5,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Concurrent Investment Advisors LLC purchased a new position in Toll Brothers during the 1st quarter valued at $227,000. Envestnet Asset Management Inc. lifted its position in shares of Toll Brothers by 57.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 49,536 shares of the construction company’s stock worth $5,231,000 after purchasing an additional 18,163 shares during the period. LBP AM SA boosted its stake in shares of Toll Brothers by 4.7% during the 1st quarter. LBP AM SA now owns 2,834 shares of the construction company’s stock valued at $299,000 after purchasing an additional 127 shares in the last quarter. Cerity Partners LLC increased its position in shares of Toll Brothers by 78.8% during the first quarter. Cerity Partners LLC now owns 38,385 shares of the construction company’s stock valued at $4,053,000 after buying an additional 16,922 shares during the period. Finally, Fidelis Capital Partners LLC increased its position in shares of Toll Brothers by 18.6% during the first quarter. Fidelis Capital Partners LLC now owns 2,395 shares of the construction company’s stock valued at $240,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $133.43 on Friday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $12.86 billion, a P/E ratio of 9.80, a PEG ratio of 1.60 and a beta of 1.37. The stock’s 50 day moving average is $137.58 and its 200 day moving average is $123.04.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 19th. The construction company reported $3.73 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 business 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 company posted $3.60 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a 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 Activity at Toll Brothers

In other news, COO Robert Parahus sold 9,831 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the firm’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 sale, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Citigroup increased their price objective on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Finally, Evercore ISI reissued an “in-line” rating and set a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $149.43.

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.