GYL Financial Synergies LLC Makes New $1.34 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

GYL Financial Synergies LLC acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,607 shares of the construction company’s stock, valued at approximately $1,337,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Toll Brothers in the 4th quarter valued at about $128,982,000. Jennison Associates LLC grew its stake in Toll Brothers by 41.2% in the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after acquiring an additional 243,553 shares during the period. Vanguard Group Inc. increased its holdings in shares of Toll Brothers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after acquiring an additional 216,849 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Toll Brothers by 93.2% during the fourth quarter. Victory Capital Management Inc. now owns 385,024 shares of the construction company’s stock worth $39,577,000 after purchasing an additional 185,746 shares during the period. Finally, Bank of Nova Scotia bought a new position in shares of Toll Brothers in the 4th quarter worth $18,792,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on TOL shares. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Wedbush restated a “neutral” rating and issued a $120.00 target price on shares of Toll Brothers in a report on Wednesday. Barclays lifted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday. UBS Group increased their price objective on Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and lifted their target price for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $136.94.

Toll Brothers Stock Up 2.4 %

TOL opened at $144.62 on Friday. The company’s 50-day moving average price is $125.41 and its two-hundred day moving average price is $120.94. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $146.75. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 1.05 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the business earned $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Toll Brothers Company Profile

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.