Allegiance Financial Group Advisory Services LLC Acquires Shares of 2,160 Toll Brothers Inc. $TOL

Allegiance Financial Group Advisory Services LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, Holdings Channel reports. The institutional investor purchased 2,160 shares of the construction company’s stock, valued at approximately $247,000.

A number of other large investors have also recently made changes to their positions in TOL. Sound Income Strategies LLC boosted its holdings in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after acquiring an additional 112 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after acquiring an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after acquiring an additional 182 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after acquiring an additional 249 shares during the period. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Down 0.6%

NYSE TOL opened at $132.05 on Thursday. The stock’s 50-day simple moving average is $136.05 and its two-hundred day simple moving average is $117.35. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. 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 $12.73 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.58 and a beta of 1.40.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $3.60 earnings per share. Research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers’s payout ratio is currently 7.35%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Wedbush reiterated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Evercore ISI reiterated an “in-line” rating and issued a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price objective on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $149.79.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the transaction, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is currently owned by corporate insiders.

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.