First Commonwealth Financial Corp PA lessened its stake in shares of Toll Brothers Inc (NYSE:TOL) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,839 shares of the construction company’s stock after selling 2,577 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Toll Brothers were worth $280,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in TOL. Bessemer Group Inc. raised 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 valued at $115,000 after acquiring an additional 1,600 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $120,000. CENTRAL TRUST Co bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $157,000. Charter Trust Co. bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $210,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Toll Brothers during the third quarter valued at approximately $216,000. 85.99% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Martin P. Connor sold 12,000 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $51.83, for a total value of $621,960.00. Following the sale, the chief financial officer now directly owns 55,357 shares of the company’s stock, valued at $2,869,153.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christine Garvey sold 16,000 shares of the stock in a transaction on 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 sale, the director now directly owns 17,057 shares in the company, valued at $866,836.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,950 shares of company stock valued at $4,910,012. 9.01% of the stock is owned by corporate insiders.
A number of brokerages recently commented on TOL. MKM Partners upped their target price on Toll Brothers to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Mizuho set a $58.00 target price on Toll Brothers and gave the company a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, February 6th. Raymond James Financial restated an “outperform” rating and set a $52.00 target price (up previously from $43.00) on shares of Toll Brothers in a report on Thursday, December 7th. Finally, Credit Suisse Group set a $53.00 target price on Toll Brothers and gave the company a “hold” rating in a report on Tuesday, February 27th. Two 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.75.
Toll Brothers stock opened at $45.00 on Thursday. The company has a quick ratio of 0.89, a current ratio of 7.31 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $6,853.35, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38. Toll Brothers Inc has a twelve month low of $34.99 and a twelve month high of $52.73.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. equities analysts forecast that Toll Brothers Inc will post 4.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a $0.11 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, April 12th. This represents a $0.44 dividend on an annualized basis and a yield of 0.98%. Toll Brothers’s dividend payout ratio is 8.89%.
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About Toll Brothers
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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