United Capital Management of KS Inc. lifted its position in Toll Brothers Inc (NYSE:TOL) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,891 shares of the construction company’s stock after purchasing an additional 933 shares during the quarter. United Capital Management of KS Inc.’s holdings in Toll Brothers were worth $510,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aperio Group LLC boosted its holdings in shares of Toll Brothers by 5.3% in the 2nd quarter. Aperio Group LLC now owns 99,363 shares of the construction company’s stock worth $3,638,000 after purchasing an additional 4,974 shares in the last quarter. AQR Capital Management LLC increased its position in Toll Brothers by 6.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,007,588 shares of the construction company’s stock valued at $73,518,000 after buying an additional 122,093 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in Toll Brothers during the 2nd quarter valued at approximately $222,000. Ellington Management Group LLC bought a new position in Toll Brothers during the 2nd quarter valued at approximately $2,165,000. Finally, Jennison Associates LLC purchased a new stake in Toll Brothers during the 2nd quarter valued at $1,027,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.
NYSE:TOL traded up $0.30 during mid-day trading on Tuesday, hitting $39.55. The company’s stock had a trading volume of 49,184 shares, compared to its average volume of 2,108,643. Toll Brothers Inc has a 1 year low of $28.68 and a 1 year high of $41.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 7.43 and a quick ratio of 1.21. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 1.16 and a beta of 0.93. The business’s fifty day moving average is $38.43 and its two-hundred day moving average is $37.25.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts anticipate that Toll Brothers Inc will post 3.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, October 10th. Toll Brothers’s payout ratio is currently 9.34%.
In related news, CEO Douglas C. Jr. Yearley sold 46,875 shares of Toll Brothers stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $38.30, for a total value of $1,795,312.50. Following the sale, the chief executive officer now directly owns 345,273 shares in the company, valued at approximately $13,223,955.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michael J. Grubb sold 1,000 shares of Toll Brothers stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $40.96, for a total value of $40,960.00. Following the completion of the sale, the chief accounting officer now owns 2,283 shares in the company, valued at $93,511.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,008 shares of company stock worth $6,113,365. Corporate insiders own 9.69% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a report on Monday, August 26th. ValuEngine downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. JMP Securities reissued a “hold” rating on shares of Toll Brothers in a research note on Wednesday, August 21st. Bank of America set a $39.00 price target on Toll Brothers and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Finally, Susquehanna Bancshares downgraded Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Monday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.54.
Toll Brothers Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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