Xact Kapitalforvaltning AB boosted its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 23.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,375 shares of the construction company’s stock after buying an additional 2,317 shares during the period. Xact Kapitalforvaltning AB’s holdings in Toll Brothers were worth $489,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares during the period. Macquarie Group Ltd. raised its position in shares of Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock valued at $102,000 after buying an additional 500 shares during the period. Advisory Services Network LLC purchased a new position in shares of Toll Brothers during the first quarter valued at about $114,000. Toronto Dominion Bank boosted its stake in Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock valued at $134,000 after buying an additional 339 shares in the last quarter. Finally, Navellier & Associates Inc bought a new stake in Toll Brothers during the first quarter valued at approximately $208,000. 80.22% of the stock is owned by institutional investors.

Toll Brothers Inc. (NYSE:TOL) opened at 39.30 on Friday. The firm’s 50 day moving average is $39.04 and its 200-day moving average is $35.77. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 16.21 and a beta of 1.52. Toll Brothers Inc. has a 12 month low of $26.65 and a 12 month high of $41.07.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.63 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. Toll Brothers’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post $3.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.32 annualized dividend and a yield of 0.81%. Toll Brothers’s dividend payout ratio is currently 13.17%.

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Several research firms recently commented on TOL. BidaskClub raised shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Toll Brothers in a research report on Monday, April 10th. Royal Bank Of Canada raised shares of Toll Brothers from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $37.00 to $43.00 in a research report on Tuesday, April 11th. Credit Suisse Group began coverage on shares of Toll Brothers in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, Citigroup Inc. boosted their price objective on shares of Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $39.33.

In related news, Director Richard J. Braemer sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $37.74, for a total transaction of $566,100.00. Following the completion of the transaction, the director now owns 102,873 shares of the company’s stock, valued at $3,882,427.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.50, for a total transaction of $385,000.00. Following the transaction, the chief executive officer now directly owns 186,372 shares of the company’s stock, valued at approximately $7,175,322. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 405,500 shares of company stock valued at $15,531,221. 8.78% of the stock is owned by corporate insiders.

Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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