KBC Group NV decreased its position in Toll Brothers, Inc. (NYSE:TOL – Free Report) by 61.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,904 shares of the construction company’s stock after selling 4,640 shares during the quarter. KBC Group NV’s holdings in Toll Brothers were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in TOL. International Assets Investment Management LLC acquired a new position in shares of Toll Brothers during the 1st quarter valued at about $29,000. City Holding Co. acquired a new position in shares of Toll Brothers during the 1st quarter valued at about $37,000. ICA Group Wealth Management LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at about $50,000. Machina Capital S.A.S. acquired a new position in shares of Toll Brothers during the 1st quarter valued at about $54,000. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in shares of Toll Brothers by 42.1% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,350 shares of the construction company’s stock valued at $63,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.89% of the company’s stock.
Insider Activity at Toll Brothers
In other Toll Brothers news, CAO Michael J. Grubb sold 563 shares of Toll Brothers stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $69.70, for a total value of $39,241.10. Following the completion of the transaction, the chief accounting officer now owns 2,204 shares of the company’s stock, valued at $153,618.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Carl B. Marbach sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $78.42, for a total transaction of $156,840.00. Following the completion of the transaction, the director now owns 51,066 shares in the company, valued at approximately $4,004,595.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Grubb sold 563 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $69.70, for a total value of $39,241.10. Following the transaction, the chief accounting officer now owns 2,204 shares of the company’s stock, valued at approximately $153,618.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,721 shares of company stock valued at $15,964,889. Corporate insiders own 1.79% of the company’s stock.
Wall Street Analyst Weigh In
Toll Brothers Trading Up 2.2 %
NYSE TOL opened at $79.39 on Friday. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 5.14 and a quick ratio of 0.71. Toll Brothers, Inc. has a 12 month low of $39.53 and a 12 month high of $83.72. The company’s fifty day moving average price is $76.92 and its two-hundred day moving average price is $66.08.
Toll Brothers (NYSE:TOL – Get Free Report) last issued its quarterly earnings results on Wednesday, May 24th. The construction company reported $2.85 EPS for the quarter, topping the consensus estimate of $1.89 by $0.96. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Toll Brothers had a net margin of 13.59% and a return on equity of 21.75%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 earnings per share. As a group, research analysts predict that Toll Brothers, Inc. will post 10.61 earnings per share for the current fiscal year.
Toll Brothers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a $0.21 dividend. The ex-dividend date was Thursday, July 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.06%. Toll Brothers’s dividend payout ratio (DPR) is 6.70%.
About Toll Brothers
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 also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company 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; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies.
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