1620 Investment Advisors Inc. Invests $59,000 in Toll Brothers, Inc. (NYSE:TOL)

1620 Investment Advisors Inc. acquired a new position in Toll Brothers, Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 516 shares of the construction company’s stock, valued at approximately $59,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after purchasing an additional 216,849 shares during the last quarter. Greenhaven Associates Inc. raised its position in Toll Brothers by 1.0% in the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after acquiring an additional 52,893 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock worth $372,198,000 after acquiring an additional 14,449 shares during the last quarter. Norges Bank purchased a new position in shares of Toll Brothers during the 4th quarter worth $128,982,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Toll Brothers by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock valued at $112,124,000 after acquiring an additional 12,493 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on 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 directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 16,194 shares of the business’s 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 transaction, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $141.22 on Friday. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $146.75. The stock has a 50 day moving average of $125.41 and a 200 day moving average of $120.94. The firm has a market cap of $14.50 billion, a PE ratio of 9.65, a PEG ratio of 1.05 and a beta of 1.67.

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

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given 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 was Friday, July 5th. Toll Brothers’s dividend payout ratio is 6.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI raised 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. Argus lifted their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Raymond James reissued a “strong-buy” rating and issued a $145.00 target price (up from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Royal Bank of Canada raised their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wedbush reiterated a “neutral” rating and issued a $120.00 price target on shares of Toll Brothers in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $136.94.

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.