WESPAC Advisors LLC Decreases Stock Position in Toll Brothers, Inc. (NYSE:TOL)

WESPAC Advisors LLC trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 17.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,910 shares of the construction company’s stock after selling 1,068 shares during the quarter. WESPAC Advisors LLC’s holdings in Toll Brothers were worth $566,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. CWM LLC raised its holdings in Toll Brothers by 57.4% in the 4th quarter. CWM LLC now owns 3,732 shares of the construction company’s stock valued at $384,000 after acquiring an additional 1,361 shares during the last quarter. GAMMA Investing LLC purchased a new position in Toll Brothers during the fourth quarter worth approximately $76,000. Atria Wealth Solutions Inc. acquired a new position in Toll Brothers during the fourth quarter worth $268,000. Transcend Capital Advisors LLC purchased a new stake in Toll Brothers in the 4th quarter valued at $206,000. Finally, Van ECK Associates Corp increased its stake in shares of Toll Brothers by 38.2% in the 4th quarter. Van ECK Associates Corp now owns 29,642 shares of the construction company’s stock worth $3,047,000 after acquiring an additional 8,194 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders sold 130,257 shares of company stock worth $18,552,950 over the last 90 days. 1.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TOL shares. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Royal Bank of Canada upped their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Citigroup cut their target price on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Bank of America upped their price target on Toll Brothers from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.67.

Toll Brothers Stock Up 1.3 %

Toll Brothers stock traded up $1.78 during mid-day trading on Friday, reaching $144.07. 1,285,371 shares of the company’s stock were exchanged, compared to its average volume of 1,405,641. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $149.77. The company has a market cap of $14.79 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.19 and a beta of 1.67. The company has a fifty day moving average of $128.58 and a 200-day moving average of $122.76.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business posted $3.73 earnings per share. Toll Brothers’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers, Inc. will post 13.24 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.92 annualized dividend and a yield of 0.64%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

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.