Trust Co. of Vermont Sells 100 Shares of Toll Brothers Inc. $TOL

Trust Co. of Vermont reduced its stake in Toll Brothers Inc. (NYSE:TOL) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the construction company’s stock after selling 100 shares during the quarter. Trust Co. of Vermont’s holdings in Toll Brothers were worth $103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in shares of Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after purchasing an additional 112 shares during the period. Brooklyn Investment Group raised its stake in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after buying an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Toll Brothers by 128.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Toll Brothers by 218.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TOL shares. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Bank of America upped their price objective on shares of Toll Brothers from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Royal Bank Of Canada raised their price objective on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Wedbush restated an “outperform” rating and set a $165.00 price target on shares of Toll Brothers in a research note on Thursday, September 18th. Finally, Citigroup boosted their target price on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $150.43.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 770 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,413 shares of company stock worth $5,746,216 in the last three months. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 0.2%

Shares of NYSE:TOL opened at $139.62 on Friday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a market capitalization of $13.46 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.66 and a beta of 1.40. The business has a fifty day moving average price of $134.85 and a two-hundred day moving average price of $116.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51.

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

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

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.