Precision Wealth Strategies LLC Takes $435,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Precision Wealth Strategies LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the 1st quarter, Holdings Channel.com reports. The fund purchased 3,364 shares of the construction company’s stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers in the 1st quarter worth about $26,000. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers in the 1st quarter worth about $34,000. Rise Advisors LLC bought a new stake in shares of Toll Brothers in the 1st quarter worth about $35,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth about $36,000. Finally, Baker Avenue Asset Management LP increased its position in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $2.59 on Friday, hitting $109.16. The company had a trading volume of 1,410,385 shares, compared to its average volume of 1,212,020. The business has a 50-day simple moving average of $120.56 and a 200-day simple moving average of $114.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The company has a market cap of $11.21 billion, a PE ratio of 7.46, a PEG ratio of 0.91 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $135.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $2.85 earnings per share. Research analysts expect that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Analyst Ratings Changes

Several research firms have recently commented on TOL. Oppenheimer lifted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Argus lifted their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price target for the company from $112.00 to $124.00 in a report on Monday, June 17th. Citigroup decreased their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Toll Brothers in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $128.13.

Insider Activity

In other news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders sold 21,670 shares of company stock worth $2,586,315 over the last three months. Corporate insiders own 1.54% of the company’s stock.

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.