Hobbs Group Advisors LLC Takes $44,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Hobbs Group Advisors LLC bought a new stake in Toll Brothers, Inc. (NYSE:TOL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 380 shares of the construction company’s stock, valued at approximately $44,000.

A number of other institutional investors have also modified their holdings of TOL. International Assets Investment Management LLC increased its stake in Toll Brothers by 6,183.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,131 shares of the construction company’s stock valued at $116,000 after buying an additional 1,113 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Toll Brothers during the 4th quarter worth $1,649,000. Cerity Partners LLC boosted its position in shares of Toll Brothers by 103.6% during the 4th quarter. Cerity Partners LLC now owns 8,433 shares of the construction company’s stock worth $867,000 after purchasing an additional 4,291 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Toll Brothers by 17.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,800 shares of the construction company’s stock worth $1,007,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Toll Brothers during the 4th quarter worth $366,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the subject of several analyst reports. Citigroup cut their target price on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Wedbush reaffirmed a “neutral” rating and set a $120.00 price objective on shares of Toll Brothers in a research note on Wednesday. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Argus upped their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Barclays dropped their target price on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $132.19.

Toll Brothers Price Performance

Shares of TOL stock traded up $8.06 during trading hours on Wednesday, hitting $141.58. 2,238,386 shares of the company’s stock were exchanged, compared to its average volume of 1,392,342. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $146.75. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The stock’s 50-day moving average is $124.58 and its 200-day moving average is $120.65.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the firm posted $3.73 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock valued at $2,407,335 over the last 90 days. 1.54% of the stock is owned by company insiders.

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.