42,810 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 42,810 shares of the construction company’s stock, valued at approximately $5,147,000.

Several other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in Toll Brothers by 19.1% in the 2nd quarter. Cetera Investment Advisers now owns 27,000 shares of the construction company’s stock valued at $3,110,000 after acquiring an additional 4,336 shares during the last quarter. Old North State Trust LLC raised its holdings in Toll Brothers by 16.2% in the 2nd quarter. Old North State Trust LLC now owns 1,926 shares of the construction company’s stock valued at $222,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares during the last quarter. Chase Investment Counsel Corp acquired a new position in Toll Brothers in the 2nd quarter valued at $921,000. Finally, Regal Investment Advisors LLC raised its holdings in Toll Brothers by 1.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 44,488 shares of the construction company’s stock valued at $5,124,000 after acquiring an additional 508 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research analyst reports. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Wedbush upped their price objective on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Finally, Evercore ISI upped their price objective on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.07.

Toll Brothers Stock Down 2.5 %

TOL stock opened at $149.93 on Friday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $156.08. The firm’s 50-day simple moving average is $141.84 and its 200 day simple moving average is $128.81. The stock has a market cap of $15.39 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the company earned $3.73 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 13.51 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,257 shares of company stock valued at $28,646,402 in the last quarter. Company insiders own 1.54% of the company’s stock.

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.