Norman Fields Gottscho Capital Management LLC lifted its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,550 shares of the construction company’s stock after buying an additional 2,425 shares during the quarter. Toll Brothers makes up approximately 1.5% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Toll Brothers were worth $2,795,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Xact Kapitalforvaltning AB raised its stake in Toll Brothers by 12.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 13,868 shares of the construction company’s stock valued at $666,000 after purchasing an additional 1,493 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Toll Brothers in the 4th quarter valued at $38,887,000. Elkfork Partners LLC acquired a new position in Toll Brothers in the 4th quarter valued at $3,837,000. Amundi Pioneer Asset Management Inc. acquired a new position in Toll Brothers in the 4th quarter valued at $7,858,000. Finally, LPL Financial LLC raised its stake in Toll Brothers by 27.3% in the 4th quarter. LPL Financial LLC now owns 20,884 shares of the construction company’s stock valued at $1,003,000 after purchasing an additional 4,475 shares during the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Tuesday, May 1st. ValuEngine downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. Deutsche Bank reduced their price objective on Toll Brothers from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, May 24th. Maxim Group reduced their price objective on Toll Brothers from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, May 23rd. Finally, Credit Suisse Group reduced their price objective on Toll Brothers from $53.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Toll Brothers currently has an average rating of “Hold” and an average price target of $50.89.
Shares of TOL traded up $0.02 during midday trading on Thursday, reaching $36.90. The company had a trading volume of 124,635 shares, compared to its average volume of 2,479,184. Toll Brothers Inc has a 1-year low of $35.72 and a 1-year high of $52.73. The company has a market capitalization of $5.60 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The company has a quick ratio of 0.84, a current ratio of 7.02 and a debt-to-equity ratio of 0.81.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Toll Brothers had a return on equity of 12.50% and a net margin of 9.27%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business earned $0.73 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. equities analysts anticipate that Toll Brothers Inc will post 4.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, July 13th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is presently 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.
Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc (NYSE:TOL).
Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.