Mitchell Mcleod Pugh & Williams Inc. Cuts Holdings in Toll Brothers, Inc. (NYSE:TOL)

Mitchell Mcleod Pugh & Williams Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,366 shares of the construction company’s stock after selling 404 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Toll Brothers were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in Toll Brothers during the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV boosted its holdings in Toll Brothers by 114.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers during the first quarter valued at $34,000. Finally, Rise Advisors LLC acquired a new position in shares of Toll Brothers in the first quarter worth about $35,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TOL. Barclays raised their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price target for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Raymond James reissued a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Royal Bank of Canada lifted their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, UBS Group raised their price objective on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.67.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,257 shares of company stock worth $18,552,950. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 1.3 %

TOL traded up $1.78 during trading hours on Friday, reaching $144.07. The company’s stock had a trading volume of 1,285,371 shares, compared to its average volume of 1,508,965. The stock has a market cap of $14.79 billion, a PE ratio of 9.84, a P/E/G ratio of 1.18 and a beta of 1.67. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $149.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The business’s 50-day moving average is $128.58 and its 200-day moving average is $122.92.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.73 EPS. As a group, equities research analysts predict that Toll Brothers, Inc. will post 13.39 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.23 per share. The ex-dividend date was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.64%. Toll Brothers’s payout ratio is currently 6.28%.

Toll Brothers Company 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.