Victory Capital Management Inc. lifted its position in shares of Toll Brothers Inc (NYSE:TOL) by 827.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 418,910 shares of the construction company’s stock after purchasing an additional 373,734 shares during the period. Victory Capital Management Inc. owned 0.27% of Toll Brothers worth $20,116,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Toll Brothers by 4.1% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,627 shares of the construction company’s stock valued at $1,327,000 after purchasing an additional 1,100 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Toll Brothers by 2.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 66,400 shares of the construction company’s stock valued at $2,765,000 after purchasing an additional 1,300 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Toll Brothers by 202.5% in the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after purchasing an additional 1,600 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its stake in shares of Toll Brothers by 1.4% in the 3rd quarter. AMP Capital Investors Ltd now owns 124,774 shares of the construction company’s stock valued at $5,174,000 after purchasing an additional 1,704 shares during the last quarter. Institutional investors own 84.57% of the company’s stock.
Shares of Toll Brothers Inc (TOL) traded up $0.19 on Tuesday, reaching $47.26. The company’s stock had a trading volume of 643,564 shares, compared to its average volume of 2,178,757. The firm has a market cap of $7,236.14, a P/E ratio of 14.76, a PEG ratio of 0.84 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. Toll Brothers Inc has a 52-week low of $31.36 and a 52-week high of $52.73.
Toll Brothers (NYSE:TOL) last announced 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 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 firm’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 earnings per share. equities research analysts forecast that Toll Brothers Inc will post 4.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, January 11th. Toll Brothers’s dividend payout ratio is 10.03%.
Several equities research analysts recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a report on Wednesday, November 15th. Wells Fargo & Co reissued an “outperform” rating and set a $54.00 price objective (up previously from $42.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Argus set a $55.00 price objective on Toll Brothers and gave the company a “buy” rating in a report on Wednesday, December 20th. Raymond James Financial reissued an “outperform” rating and set a $52.00 price objective (up previously from $43.00) on shares of Toll Brothers in a report on Thursday, December 7th. Finally, UBS Group assumed coverage on Toll Brothers in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Toll Brothers currently has a consensus rating of “Buy” and a consensus price target of $51.19.
In related news, CEO Douglas C. Jr. Yearley sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total value of $520,800.00. Following the completion of the sale, the chief executive officer now directly owns 211,785 shares of the company’s stock, valued at approximately $11,029,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard J. Braemer sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the sale, the director now directly owns 82,873 shares of the company’s stock, valued at $3,857,738.15. The disclosure for this sale can be found here. Insiders sold a total of 115,950 shares of company stock valued at $5,841,012 over the last ninety days. 9.01% of the stock is currently owned by corporate 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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