Highland Capital Management LLC Has $4.02 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Highland Capital Management LLC decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,890 shares of the construction company’s stock after selling 2,840 shares during the quarter. Highland Capital Management LLC’s holdings in Toll Brothers were worth $4,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in shares of Toll Brothers during the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers during the 2nd quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV increased its position in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Toll Brothers during the first quarter valued at $34,000. Finally, Rise Advisors LLC acquired a new position in shares of Toll Brothers during the first quarter worth $35,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

TOL traded up $7.45 on Friday, hitting $148.72. The company’s stock had a trading volume of 2,498,388 shares, compared to its average volume of 1,413,450. The company’s 50 day simple moving average is $126.00 and its 200-day simple moving average is $121.59. The firm has a market cap of $15.27 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $148.95. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $3.73 EPS. Analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday. Oppenheimer upped their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Royal Bank of Canada boosted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Evercore ISI lifted their target price on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $142.80.

Insider Buying and Selling

In other Toll Brothers 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 sale, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.

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.