Advent Capital Management DE Buys New Position in Toll Brothers Inc. $TOL

Advent Capital Management DE bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, HoldingsChannel reports. The firm bought 25,000 shares of the construction company’s stock, valued at approximately $2,853,000.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of 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 buying an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Toll Brothers by 218.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after purchasing an additional 249 shares in the last quarter. Operose Advisors LLC bought a new stake in Toll Brothers during the first quarter worth about $42,000. Finally, Pinnacle Holdings LLC lifted its stake in Toll Brothers by 136.0% during the first quarter. Pinnacle Holdings LLC now owns 472 shares of the construction company’s stock worth $50,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 0.5%

Shares of TOL opened at $139.83 on Friday. The stock has a market capitalization of $13.48 billion, a P/E ratio of 10.27, a PEG ratio of 1.60 and a beta of 1.37. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $168.17. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $134.66 and a two-hundred day simple moving average of $126.09.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the company’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 owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TOL. Argus increased their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Wells Fargo & Company increased their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Citigroup lifted their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Bank of America lowered their price objective on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.43.

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 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.