Rothschild Investment Corp IL cut its position in shares of Toll Brothers Inc. (NYSE:TOL) by 24.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,990 shares of the construction company’s stock after selling 3,510 shares during the period. Rothschild Investment Corp IL’s holdings in Toll Brothers were worth $434,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RMB Capital Management LLC bought a new position in Toll Brothers during the fourth quarter worth about $217,000. M Holdings Securities Inc. increased its stake in Toll Brothers by 5.2% in the fourth quarter. M Holdings Securities Inc. now owns 8,843 shares of the construction company’s stock worth $274,000 after buying an additional 438 shares during the period. Teachers Advisors LLC increased its stake in Toll Brothers by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 155,082 shares of the construction company’s stock worth $4,808,000 after buying an additional 5,830 shares during the period. Macquarie Group Ltd. increased its stake in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock worth $102,000 after buying an additional 500 shares during the period. Finally, New Century Investment Management Inc. acquired a new stake in Toll Brothers during the fourth quarter worth $316,000. 80.44% of the stock is currently owned by institutional investors and hedge funds.
Toll Brothers Inc. (TOL) traded up 0.81% on Friday, reaching $38.73. The company’s stock had a trading volume of 1,004,887 shares. Toll Brothers Inc. has a 52 week low of $26.65 and a 52 week high of $41.07. The firm has a market capitalization of $6.34 billion, a PE ratio of 15.97 and a beta of 1.52. The stock’s 50 day moving average is $39.47 and its 200-day moving average is $36.63.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. Toll Brothers’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. Analysts predict that Toll Brothers Inc. will post $3.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio (DPR) is presently 13.17%.
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A number of research firms recently weighed in on TOL. Bank of America Corporation restated a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Toll Brothers in a research note on Wednesday, May 24th. BidaskClub downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Buckingham Research downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Mizuho started coverage on Toll Brothers in a research note on Tuesday, May 16th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Citigroup Inc. upped their price target on Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.67.
In related news, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction on Friday, July 7th. The shares were sold at an average price of $40.45, for a total transaction of $80,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares of the company’s stock, valued at $1,409,116.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert I. Toll sold 1,967 shares of Toll Brothers stock in a transaction on Friday, May 19th. The shares were sold at an average price of $38.00, for a total transaction of $74,746.00. Following the completion of the sale, the insider now directly owns 7,420,317 shares of the company’s stock, valued at $281,972,046. The disclosure for this sale can be found here. In the last quarter, insiders have sold 405,500 shares of company stock worth $15,531,221. 8.78% of the stock is owned by company insiders.
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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