250 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 250 shares of the construction company’s stock, valued at approximately $29,000.

Other hedge funds have also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new position in shares of Toll Brothers during the 1st quarter worth about $26,000. Contravisory Investment Management Inc. acquired a new position in shares of Toll Brothers during the 1st quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its holdings in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the last quarter. Rise Advisors LLC acquired a new stake in Toll Brothers in the 1st quarter valued at about $35,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction 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 in the company, valued at approximately $3,012,006.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the firm’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 directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock worth $2,407,335 in the last ninety days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Up 0.8 %

Toll Brothers stock traded up $1.02 during mid-day trading on Tuesday, reaching $129.13. 1,144,819 shares of the company’s stock were exchanged, compared to its average volume of 1,396,002. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $146.75. The company has a fifty day moving average of $122.45 and a 200-day moving average of $118.39. The company has a market cap of $13.26 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.10 and a beta of 1.67. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39.

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

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.71%. Toll Brothers’s payout ratio is 6.28%.

Wall Street Analyst Weigh In

A number of analysts have commented on TOL shares. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday. Wedbush reiterated a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a report on Wednesday, May 22nd. Evercore ISI increased their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $131.25.

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.