Western Wealth Management LLC Boosts Holdings in Toll Brothers Inc. $TOL

Western Wealth Management LLC boosted its holdings in Toll Brothers Inc. (NYSE:TOL) by 19.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,654 shares of the construction company’s stock after purchasing an additional 433 shares during the quarter. Western Wealth Management LLC’s holdings in Toll Brothers were worth $303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TOL. Brooklyn Investment Group boosted its position in shares of 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 acquiring an additional 94 shares during the last quarter. Larson Financial Group LLC increased its holdings in Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Toll Brothers by 128.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after purchasing an additional 249 shares during the last quarter. Finally, Operose Advisors LLC purchased a new position in shares of Toll Brothers during the first quarter valued at about $42,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Evercore ISI reaffirmed an “in-line” rating and set a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Argus raised their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company boosted their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Friday, August 29th. The shares were 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 of the company’s stock, valued at $39,558,536.42. This represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares of the company’s stock, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Price Performance

NYSE:TOL opened at $126.23 on Wednesday. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The business has a 50 day simple moving average of $135.91 and a 200-day simple moving average of $124.70. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

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

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.35%.

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.