Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.6% during the 2nd quarter, Holdings Channel reports. The firm owned 107,970 shares of the construction company’s stock after purchasing an additional 7,660 shares during the period. Ensign Peak Advisors Inc’s holdings in Toll Brothers were worth $6,241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TOL. Southpoint Capital Advisors LP grew its holdings in shares of Toll Brothers by 322.2% in the 1st quarter. Southpoint Capital Advisors LP now owns 1,900,000 shares of the construction company’s stock worth $107,787,000 after acquiring an additional 1,450,000 shares during the last quarter. Capital International Investors grew its holdings in shares of Toll Brothers by 343.1% in the 1st quarter. Capital International Investors now owns 1,808,615 shares of the construction company’s stock worth $102,603,000 after acquiring an additional 1,400,431 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Toll Brothers by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 10,642,951 shares of the construction company’s stock worth $615,269,000 after acquiring an additional 589,777 shares during the last quarter. Factorial Partners LLC grew its holdings in shares of Toll Brothers by 2,447.1% in the 1st quarter. Factorial Partners LLC now owns 499,224 shares of the construction company’s stock worth $8,800,000 after acquiring an additional 479,624 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Toll Brothers by 61.7% in the 1st quarter. Morgan Stanley now owns 814,718 shares of the construction company’s stock worth $46,218,000 after acquiring an additional 310,955 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.

Shares of NYSE:TOL opened at $58.10 on Thursday. Toll Brothers, Inc. has a fifty-two week low of $40.95 and a fifty-two week high of $68.88. The business has a 50-day moving average of $59.97 and a two-hundred day moving average of $59.78. The stock has a market capitalization of $7.07 billion, a P/E ratio of 11.19 and a beta of 1.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 5.18 and a quick ratio of 0.94.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, August 23rd. The construction company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.33. Toll Brothers had a return on equity of 13.30% and a net margin of 7.94%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 36.6% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers, Inc. will post 6.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Friday, October 8th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, October 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. Toll Brothers’s dividend payout ratio is currently 20.00%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a report on Wednesday, August 4th. Barclays lifted their price target on Toll Brothers from $62.00 to $67.00 and gave the company an “underweight” rating in a report on Thursday, August 26th. BTIG Research upgraded Toll Brothers from a “sell” rating to a “neutral” rating in a report on Monday, June 28th. Seaport Res Ptn reiterated a “neutral” rating on shares of Toll Brothers in a report on Monday, July 19th. Finally, Royal Bank of Canada lifted their price target on Toll Brothers from $74.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, August 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.29.

Toll Brothers Profile

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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