Hantz Financial Services Inc. Purchases 1,202 Shares of Toll Brothers Inc. $TOL

by · The Markets Daily

Hantz Financial Services Inc. raised its position in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 1,320.9% in the second quarter, Holdings Channel reports. The firm owned 1,293 shares of the construction company’s stock after acquiring an additional 1,202 shares during the quarter. Hantz Financial Services Inc.’s holdings in Toll Brothers were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TOL. Brooklyn Investment Group increased its stake in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC increased its stake in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after buying an additional 249 shares in the last quarter. Finally, Operose Advisors LLC bought a new stake in Toll Brothers in the 1st quarter worth about $42,000. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TOL. Keefe, Bruyette & Woods lifted their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Wedbush reiterated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Evercore ISI reiterated an “in-line” rating and issued a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Seaport Res Ptn upgraded Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.43.

Check Out Our Latest Report on TOL

Toll Brothers Stock Performance

TOL opened at $133.19 on Tuesday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.60 and a beta of 1.40. The company’s 50 day moving average is $138.00 and its 200 day moving average is $122.14. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.14. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 earnings per share. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,812 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares in the company, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Parahus sold 9,831 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total value of $1,286,288.04. Following the transaction, the chief operating officer owned 19,692 shares of the company’s stock, valued at approximately $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 38,643 shares of company stock valued at $5,305,630. 1.54% of the stock is owned by insiders.

About Toll Brothers

(Free Report)

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.

Further Reading

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