First Allied Advisory Services Inc. acquired a new stake in Toll Brothers Inc (NYSE:TOL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,451 shares of the construction company’s stock, valued at approximately $1,227,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in TOL. Bessemer Group Inc. raised its holdings in shares of Toll Brothers by 202.5% in the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after purchasing an additional 1,600 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $120,000. Toronto Dominion Bank raised its holdings in shares of Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $157,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 84.57% of the company’s stock.
A number of equities research analysts have recently weighed in on TOL shares. KeyCorp upgraded shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and raised their price objective for the company from $44.55 to $52.00 in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS Group started coverage on shares of Toll Brothers in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a report on Wednesday, November 15th. ValuEngine downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, MKM Partners increased their target price on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Toll Brothers currently has an average rating of “Buy” and an average target price of $51.19.
Toll Brothers Inc (NYSE:TOL) opened at $46.78 on Wednesday. Toll Brothers Inc has a 52-week low of $31.36 and a 52-week high of $52.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The stock has a market cap of $7,190.00, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. equities analysts anticipate that Toll Brothers Inc will post 4.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s payout ratio is currently 10.06%.
In other Toll Brothers news, CAO Joseph R. Sicree sold 4,500 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.48, for a total transaction of $231,660.00. Following the transaction, the chief accounting officer now directly owns 24,197 shares of the company’s stock, valued at approximately $1,245,661.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard J. Braemer sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $46.55, for a total transaction of $931,000.00. Following the transaction, the director now directly owns 82,873 shares in the company, valued at $3,857,738.15. The disclosure for this sale can be found here. Insiders have sold a total of 115,950 shares of company stock worth $5,841,012 over the last three months. 9.01% of the stock is currently owned by insiders.
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Toll Brothers Company Profile
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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