Leuthold Group LLC Has $9.99 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Leuthold Group LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 77,198 shares of the construction company’s stock after selling 464 shares during the quarter. Toll Brothers comprises about 1.1% of Leuthold Group LLC’s portfolio, making the stock its 21st largest holding. Leuthold Group LLC owned approximately 0.07% of Toll Brothers worth $9,987,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Toll Brothers by 12.3% during the third quarter. Sei Investments Co. now owns 219,563 shares of the construction company’s stock worth $16,239,000 after buying an additional 24,111 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Toll Brothers in the 3rd quarter valued at about $247,000. Comerica Bank acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $5,339,000. Invst LLC increased its holdings in shares of Toll Brothers by 2.5% during the third quarter. Invst LLC now owns 12,850 shares of the construction company’s stock worth $950,000 after purchasing an additional 308 shares during the period. Finally, Graham Capital Management L.P. raised its position in shares of Toll Brothers by 63.8% in the third quarter. Graham Capital Management L.P. now owns 14,921 shares of the construction company’s stock valued at $1,104,000 after buying an additional 5,811 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 28,527 shares in the company, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold 21,670 shares of company stock worth $2,586,315 over the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 2.6 %

NYSE TOL traded up $3.19 during trading hours on Friday, reaching $124.66. The company’s stock had a trading volume of 1,264,974 shares, compared to its average volume of 1,384,985. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $135.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The stock has a market cap of $12.80 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.92 and a beta of 1.67. The firm has a fifty day simple moving average of $120.05 and a 200-day simple moving average of $114.37.

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

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TOL shares. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and increased their price target for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. Raymond James restated a “strong-buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Argus raised their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, UBS Group upped their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

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.