Signition LP purchased a new stake in Toll Brothers Inc (NYSE:TOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,017 shares of the construction company’s stock, valued at approximately $337,000.
A number of other large investors also recently added to or reduced their stakes in TOL. QS Investors LLC boosted its holdings in Toll Brothers by 62.9% in the second quarter. QS Investors LLC now owns 8,092 shares of the construction company’s stock valued at $320,000 after acquiring an additional 3,126 shares in the last quarter. AHL Partners LLP bought a new stake in shares of Toll Brothers during the 2nd quarter valued at $282,000. Macquarie Group Ltd. boosted its holdings in shares of Toll Brothers by 1,256.3% during the 2nd quarter. Macquarie Group Ltd. now owns 36,620 shares of the construction company’s stock valued at $1,445,000 after buying an additional 33,920 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Toll Brothers by 75.1% during the 2nd quarter. Janus Henderson Group PLC now owns 38,235 shares of the construction company’s stock valued at $1,511,000 after buying an additional 16,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Toll Brothers by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 218,656 shares of the construction company’s stock valued at $8,638,000 after buying an additional 3,888 shares in the last quarter. Institutional investors and hedge funds own 88.11% of the company’s stock.
Toll Brothers Inc (NYSE TOL) opened at $46.52 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. The stock has a market capitalization of $7,008.62, a PE ratio of 14.57, a PEG ratio of 0.82 and a beta of 1.38. Toll Brothers Inc has a 52-week low of $31.05 and a 52-week high of $52.73.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. Toll Brothers’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. research analysts expect that Toll Brothers Inc will post 4.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s dividend payout ratio is presently 10.03%.
TOL has been the topic of a number of research reports. Royal Bank of Canada restated a “buy” rating and set a $45.00 target price on shares of Toll Brothers in a report on Wednesday, November 15th. ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Wells Fargo & Co restated an “outperform” rating and set a $54.00 target price (up previously from $42.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 target price on shares of Toll Brothers in a report on Wednesday, January 24th. Finally, Credit Suisse Group restated a “neutral” rating and set a $56.00 target price (up previously from $45.00) on shares of Toll Brothers in a report on Monday, January 22nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Toll Brothers presently has a consensus rating of “Buy” and a consensus target price of $51.19.
In other news, CFO Martin P. Connor sold 12,000 shares of Toll Brothers stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $51.83, for a total value of $621,960.00. Following the completion of the transaction, the chief financial officer now owns 55,357 shares of the company’s stock, valued at approximately $2,869,153.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 16,000 shares of Toll Brothers stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $50.82, for a total value of $813,120.00. Following the completion of the transaction, the director now directly owns 17,057 shares of the company’s stock, valued at approximately $866,836.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,950 shares of company stock valued at $5,841,012. 8.78% of the stock is owned by insiders.
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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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