Meadow Creek Investment Management LLC lifted its position in shares of Toll Brothers Inc (NYSE:TOL) by 95.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,664 shares of the construction company’s stock after acquiring an additional 22,336 shares during the period. Meadow Creek Investment Management LLC’s holdings in Toll Brothers were worth $2,193,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of TOL. Bessemer Group Inc. lifted its holdings in shares of Toll Brothers by 202.5% during the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after buying an additional 1,600 shares in the last quarter. Cerebellum GP LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $120,000. CENTRAL TRUST Co acquired a new position in Toll Brothers in the fourth quarter valued at about $157,000. Charter Trust Co. acquired a new position in Toll Brothers in the fourth quarter valued at about $210,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Toll Brothers in the third quarter valued at about $216,000. 86.03% of the stock is owned by institutional investors.
TOL has been the subject of a number of analyst reports. ValuEngine downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Wells Fargo reaffirmed an “outperform” rating and issued a $54.00 price target (up previously from $42.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Mizuho set a $54.00 price target on Toll Brothers and gave the company a “buy” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price target on shares of Toll Brothers in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $56.00 price target (up previously from $45.00) on shares of Toll Brothers in a research note on Monday, January 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.75.
Toll Brothers Inc (TOL) opened at $44.79 on Friday. Toll Brothers Inc has a 12-month low of $34.99 and a 12-month high of $52.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 7.31 and a quick ratio of 0.89. The stock has a market capitalization of $6,885.66, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.09. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. equities research analysts forecast that Toll Brothers Inc will post 4.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, April 12th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.08. Toll Brothers’s payout ratio is currently 8.89%.
In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers 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 transaction, the chief executive officer now owns 211,785 shares in the company, valued at $11,029,762.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 12,000 shares of Toll Brothers stock in a transaction dated Monday, January 22nd. The shares were 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 in the company, valued at approximately $2,869,153.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,950 shares of company stock worth $4,910,012. Company 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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