8,170 Shares in Toll Brothers Inc. $TOL Acquired by Hilltop National Bank

Hilltop National Bank bought a new position in Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,170 shares of the construction company’s stock, valued at approximately $932,000.

Other institutional investors have also made changes to their positions in the company. Trail Ridge Investment Advisors LLC increased its position in shares of Toll Brothers by 0.5% in the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after acquiring an additional 132 shares in the last quarter. Left Brain Wealth Management LLC purchased a new position in shares of Toll Brothers in the first quarter worth approximately $317,000. MQS Management LLC purchased a new position in shares of Toll Brothers in the first quarter worth approximately $649,000. Financial Security Advisor Inc. purchased a new position in shares of Toll Brothers in the first quarter worth approximately $231,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Toll Brothers in the first quarter worth approximately $227,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

TOL stock opened at $139.62 on Friday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.66 and a beta of 1.40. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm has a 50 day moving average of $134.85 and a two-hundred day moving average of $116.50.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 earnings per share. As a group, equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 10th. Toll Brothers’s payout ratio is currently 7.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TOL. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 target price (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Toll Brothers in a research report on Thursday, September 18th. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Argus upped their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.43.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the sale, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at $39,558,536.42. This represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is owned by company insiders.

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.