Long Run Wealth Advisors LLC Reduces Stake in Toll Brothers Inc. $TOL

Long Run Wealth Advisors LLC decreased its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 3.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,322 shares of the construction company’s stock after selling 1,300 shares during the period. Long Run Wealth Advisors LLC’s holdings in Toll Brothers were worth $3,803,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TOL. Brooklyn Investment Group lifted its holdings in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Toll Brothers by 128.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after acquiring an additional 249 shares in the last quarter. Finally, Operose Advisors LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TOL shares. Wells Fargo & Company raised their price target on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Bank of America lowered their price target on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Evercore ISI reissued an “in-line” rating and set a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. This trade represents a 3.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 38,643 shares of company stock worth $5,305,630. 1.54% of the stock is currently owned by insiders.

Toll Brothers Price Performance

TOL opened at $133.51 on Thursday. The stock’s 50 day simple moving average is $137.82 and its 200 day simple moving average is $122.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.60 and a beta of 1.37.

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

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

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.