Candriam Luxembourg S.C.A. purchased a new position in Toll Brothers (NYSE:TOL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 163,482 shares of the construction company’s stock, valued at approximately $7,071,000. Candriam Luxembourg S.C.A. owned approximately 0.11% of Toll Brothers at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Federated Investors Inc. PA raised its stake in Toll Brothers by 11.5% in the first quarter. Federated Investors Inc. PA now owns 557,883 shares of the construction company’s stock worth $24,128,000 after buying an additional 57,694 shares in the last quarter. KBC Group NV raised its stake in Toll Brothers by 41.6% in the first quarter. KBC Group NV now owns 491,757 shares of the construction company’s stock worth $21,268,000 after buying an additional 144,410 shares in the last quarter. KAMES CAPITAL plc bought a new position in Toll Brothers in the first quarter worth about $800,000. Systematic Financial Management LP raised its stake in Toll Brothers by 74.6% in the first quarter. Systematic Financial Management LP now owns 469,172 shares of the construction company’s stock worth $20,292,000 after buying an additional 200,409 shares in the last quarter. Finally, Tredje AP fonden raised its stake in Toll Brothers by 9.6% in the first quarter. Tredje AP fonden now owns 29,090 shares of the construction company’s stock worth $1,258,000 after buying an additional 2,560 shares in the last quarter. 83.80% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on TOL shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price target on shares of Toll Brothers in a research note on Wednesday, January 24th. ValuEngine raised shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, February 6th. Credit Suisse Group set a $53.00 price target on shares of Toll Brothers and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Finally, Mizuho set a $54.00 price target on shares of Toll Brothers and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Toll Brothers has a consensus rating of “Buy” and a consensus price target of $50.47.
Shares of NYSE TOL opened at $39.91 on Thursday. Toll Brothers has a fifty-two week low of $36.55 and a fifty-two week high of $52.73. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.75 and a beta of 1.39. The company has a quick ratio of 0.89, a current ratio of 7.31 and a debt-to-equity ratio of 0.79.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 22nd. The construction company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.04). Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $0.73 EPS. Toll Brothers’s revenue for the quarter was up 17.3% on a year-over-year basis. sell-side analysts anticipate that Toll Brothers will post 4.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a dividend of $0.11 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, April 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.10%. Toll Brothers’s dividend payout ratio (DPR) is currently 13.88%.
About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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