Liberty Mutual Group Asset Management Inc. Has $2.40 Million Position in Toll Brothers Inc. (TOL)

Liberty Mutual Group Asset Management Inc. lowered its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,575 shares of the construction company’s stock after selling 252 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Toll Brothers were worth $2,403,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after buying an additional 49 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Toll Brothers during the first quarter valued at $114,000. Independent Advisor Alliance bought a new stake in Toll Brothers during the fourth quarter valued at about $100,000. Macquarie Group Ltd. boosted its stake in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock valued at $102,000 after buying an additional 500 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock valued at $134,000 after buying an additional 339 shares during the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

Toll Brothers Inc. (NYSE:TOL) traded up 0.70% during trading on Tuesday, hitting $39.02. 2,672,015 shares of the stock traded hands. Toll Brothers Inc. has a 12 month low of $25.29 and a 12 month high of $39.75. The company’s 50 day moving average price is $37.53 and its 200 day moving average price is $34.54. The company has a market cap of $6.38 billion, a P/E ratio of 16.09 and a beta of 1.56.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that Toll Brothers Inc. will post $3.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.82%. Toll Brothers’s dividend payout ratio is presently 13.17%.

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Several research firms have recently issued reports on TOL. Bank of America Corporation reiterated a “buy” rating and set a $43.00 price objective (up previously from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. Mizuho began coverage on shares of Toll Brothers in a research report on Tuesday, May 16th. They issued a “buy” rating and a $44.00 price target on the stock. Buckingham Research cut shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Wedbush set a $37.00 price objective on shares of Toll Brothers and gave the company a “hold” rating in a research report on Friday, May 19th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $37.00 price objective (up previously from $34.00) on shares of Toll Brothers in a research report on Tuesday, March 7th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $38.17.

In other news, President Richard T. Hartman sold 7,836 shares of the stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $36.20, for a total value of $283,663.20. Following the completion of the sale, the president now owns 39,606 shares in the company, valued at $1,433,737.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 10,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $38.50, for a total value of $385,000.00. Following the completion of the sale, the chief executive officer now owns 186,372 shares of the company’s stock, valued at approximately $7,175,322. The disclosure for this sale can be found here. Insiders have sold 407,172 shares of company stock valued at $15,546,645 over the last 90 days. 8.78% of the stock is currently owned by insiders.

Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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