Edgestream Partners L.P. Has $5.67 Million Position in Toll Brothers Inc. $TOL

Edgestream Partners L.P. lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 1,061.3% in the second quarter, HoldingsChannel.com reports. The fund owned 49,668 shares of the construction company’s stock after buying an additional 45,391 shares during the period. Edgestream Partners L.P.’s holdings in Toll Brothers were worth $5,669,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Greenhaven Associates Inc. raised its position in Toll Brothers by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after purchasing an additional 39,334 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Toll Brothers by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after purchasing an additional 375,372 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Toll Brothers by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock worth $229,586,000 after buying an additional 78,035 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Toll Brothers by 17.1% during the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock worth $146,572,000 after buying an additional 208,064 shares during the last quarter. Finally, Norges Bank acquired a new stake in Toll Brothers in the second quarter valued at about $154,782,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the sale, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 0.5%

TOL opened at $139.15 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $165.05. The company’s 50 day moving average price is $134.79 and its two-hundred day moving average price is $126.82. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.60 and a beta of 1.37.

Toll Brothers Announces Dividend

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

Wall Street Analyst Weigh In

TOL has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Argus lifted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, September 5th. Royal Bank Of Canada increased their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Bank of America cut their target price on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Finally, Evercore ISI reiterated an “in-line” rating and set a $160.00 price target (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $149.43.

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.