Mezzasalma Advisors LLC Purchases 10,643 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mezzasalma Advisors LLC raised its position in Toll Brothers, Inc. (NYSE:TOL) by 287.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,349 shares of the construction company’s stock after acquiring an additional 10,643 shares during the quarter. Toll Brothers makes up about 0.9% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Mezzasalma Advisors LLC’s holdings in Toll Brothers were worth $1,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TOL. Norges Bank bought a new position in Toll Brothers in the fourth quarter valued at about $128,982,000. Jennison Associates LLC boosted its stake in shares of Toll Brothers by 41.2% during the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after purchasing an additional 243,553 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Toll Brothers by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock valued at $209,853,000 after purchasing an additional 225,354 shares in the last quarter. Vanguard Group Inc. grew 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 worth $1,158,255,000 after purchasing an additional 216,849 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Toll Brothers by 93.2% during the 4th quarter. Victory Capital Management Inc. now owns 385,024 shares of the construction company’s stock worth $39,577,000 after buying an additional 185,746 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $0.78 during trading hours on Thursday, reaching $111.99. The company had a trading volume of 823,379 shares, compared to its average volume of 1,284,889. The business has a fifty day simple moving average of $120.78 and a 200 day simple moving average of $114.01. The firm has a market cap of $11.50 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $135.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James reissued a “strong-buy” rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Argus boosted their price target on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada increased their target price on shares of Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $128.13.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,670 shares of company stock valued at $2,586,315. 1.54% of the stock is owned by corporate insiders.

Toll Brothers 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.