Greenhaven Associates Inc. cut its stake in shares of Toll Brothers Inc (NYSE:TOL) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,941,601 shares of the construction company’s stock after selling 134,251 shares during the quarter. Toll Brothers accounts for 2.9% of Greenhaven Associates Inc.’s portfolio, making the stock its 10th largest holding. Greenhaven Associates Inc. owned 2.57% of Toll Brothers worth $189,276,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Schwab Charles Investment Management Inc. boosted its stake in shares of Toll Brothers by 8.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 568,233 shares of the construction company’s stock worth $22,451,000 after acquiring an additional 45,749 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Toll Brothers by 21.0% during the 2nd quarter. Victory Capital Management Inc. now owns 36,779 shares of the construction company’s stock worth $1,453,000 after acquiring an additional 6,381 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Toll Brothers by 20.9% during the 2nd quarter. Tredje AP fonden now owns 37,493 shares of the construction company’s stock worth $1,481,000 after acquiring an additional 6,477 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Toll Brothers by 31.8% during the 2nd quarter. Wells Fargo & Company MN now owns 434,060 shares of the construction company’s stock worth $17,149,000 after acquiring an additional 104,669 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Toll Brothers by 43.5% in the second quarter. Alliancebernstein L.P. now owns 158,141 shares of the construction company’s stock worth $6,248,000 after buying an additional 47,914 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. MKM Partners raised their target price on Toll Brothers to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a research report on Monday, September 25th. UBS Group assumed coverage on Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 target price on shares of Toll Brothers in a research report on Friday, October 20th. Finally, Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Toll Brothers has a consensus rating of “Hold” and an average target price of $48.63.
In related news, CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total transaction of $520,800.00. Following the completion of the sale, the chief executive officer now owns 211,785 shares of the company’s stock, valued at $11,029,762.80. The transaction was disclosed in a legal 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 on Tuesday, November 14th. The shares were 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. In the last three months, insiders have sold 120,287 shares of company stock valued at $5,735,057. Insiders own 8.78% of the company’s stock.
Toll Brothers Inc (TOL) traded up $1.24 on Thursday, reaching $51.81. The company had a trading volume of 2,168,575 shares, compared to its average volume of 2,367,859. The firm has a market capitalization of $8,200.00, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.57. Toll Brothers Inc has a 52-week low of $30.44 and a 52-week high of $52.40. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). The firm had revenue of $2.03 billion for 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%. Toll Brothers’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. research analysts forecast that Toll Brothers Inc will post 3.69 earnings per share for the current 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. Toll Brothers’s payout ratio is 10.06%.
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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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