Bamco Inc. NY reduced its position in Toll Brothers Inc (NYSE:TOL) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 313,921 shares of the construction company’s stock after selling 13,004 shares during the quarter. Bamco Inc. NY owned approximately 0.19% of Toll Brothers worth $13,018,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TOL. Toronto Dominion Bank lifted its holdings in shares of Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after acquiring an additional 192 shares during the period. Veritable L.P. lifted its holdings in shares of Toll Brothers by 0.9% during the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock valued at $1,060,000 after acquiring an additional 237 shares during the period. ETRADE Capital Management LLC lifted its holdings in shares of Toll Brothers by 3.1% during the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock valued at $485,000 after acquiring an additional 365 shares during the period. Aviva PLC lifted its holdings in shares of Toll Brothers by 0.5% during the second quarter. Aviva PLC now owns 93,400 shares of the construction company’s stock valued at $3,690,000 after acquiring an additional 500 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Toll Brothers by 1.6% during the second quarter. Ameritas Investment Partners Inc. now owns 44,280 shares of the construction company’s stock valued at $1,750,000 after acquiring an additional 698 shares during the period. 82.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Toll Brothers Inc (TOL) traded up $0.06 during trading hours on Thursday, hitting $47.12. The stock had a trading volume of 1,632,019 shares, compared to its average volume of 2,023,160. Toll Brothers Inc has a 52 week low of $30.44 and a 52 week high of $51.08. The firm has a market capitalization of $7,702.75, a price-to-earnings ratio of 14.76, a PEG ratio of 1.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. analysts predict that Toll Brothers Inc will post 3.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s payout ratio is 10.03%.
A number of research analysts have issued reports on the company. MKM Partners lifted their price objective on Toll Brothers to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a report on Monday, September 25th. UBS assumed coverage on Toll Brothers in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. KeyCorp restated a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 target price on shares of Toll Brothers in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.93.
In related news, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $41.45, for a total value of $82,900.00. Following the completion of the sale, the chief financial officer now directly owns 34,836 shares in the company, valued at $1,443,952.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Richard T. Hartman sold 20,000 shares of Toll Brothers stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,787 shares of company stock valued at $3,255,777. Corporate insiders own 8.78% of the company’s stock.
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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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