NewSquare Capital LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, Holdings Channel reports. The fund purchased 2,550 shares of the construction company’s stock, valued at approximately $101,000.

Several other large investors have also recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Toll Brothers by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 155,082 shares of the construction company’s stock worth $4,808,000 after buying an additional 5,830 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock worth $102,000 after buying an additional 500 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Toll Brothers by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 50,244 shares of the construction company’s stock worth $1,814,000 after buying an additional 525 shares during the last quarter. Bank of Montreal Can boosted its stake in Toll Brothers by 6.8% in the first quarter. Bank of Montreal Can now owns 273,393 shares of the construction company’s stock worth $9,872,000 after buying an additional 17,330 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Toll Brothers by 4.4% in the first quarter. Capstone Asset Management Co. now owns 16,545 shares of the construction company’s stock worth $597,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 80.32% of the company’s stock.

Toll Brothers Inc. (TOL) opened at 39.21 on Wednesday. The stock has a market cap of $6.41 billion, a PE ratio of 16.17 and a beta of 1.52. The stock’s 50 day moving average is $39.47 and its 200 day moving average is $36.78. Toll Brothers Inc. has a 52 week low of $26.65 and a 52 week high of $41.07.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.10. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Toll Brothers’s revenue for the quarter was up 22.2% compared to the same quarter last year. Analysts predict that Toll Brothers Inc. will post $3.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. Toll Brothers’s payout ratio is 13.17%.

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A number of equities research analysts have recently commented on TOL shares. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, April 25th. Mizuho started coverage on shares of Toll Brothers in a report on Tuesday, May 16th. They set a “buy” rating and a $44.00 price target on the stock. Zelman & Associates upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Wedbush set a $37.00 price target on shares of Toll Brothers and gave the company a “hold” rating in a report on Friday, May 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 price target on shares of Toll Brothers in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $39.67.

In other news, CEO Douglas C. Jr. Yearley sold 4,155 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $39.92, for a total value of $165,867.60. Following the sale, the chief executive officer now directly owns 176,372 shares of the company’s stock, valued at approximately $7,040,770.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert I. Toll sold 1,967 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $38.00, for a total transaction of $74,746.00. Following the completion of the sale, the insider now directly owns 7,420,317 shares in the company, valued at $281,972,046. The disclosure for this sale can be found here. Insiders have sold a total of 405,500 shares of company stock worth $15,531,221 in the last 90 days. 8.78% of the stock is currently owned by company 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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