First Citizens Bank & Trust Co. cut its position in Toll Brothers Inc (NYSE:TOL) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,026 shares of the construction company’s stock after selling 2,068 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Toll Brothers were worth $385,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TOL. Schwab Charles Investment Management Inc. boosted its position in shares of Toll Brothers by 8.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 568,233 shares of the construction company’s stock valued at $22,451,000 after purchasing an additional 45,749 shares during the period. Wells Fargo & Company MN boosted its position in shares of Toll Brothers by 31.8% in the 2nd quarter. Wells Fargo & Company MN now owns 434,060 shares of the construction company’s stock valued at $17,149,000 after purchasing an additional 104,669 shares during the period. Alliancebernstein L.P. boosted its position in shares of Toll Brothers by 43.5% in the 2nd quarter. Alliancebernstein L.P. now owns 158,141 shares of the construction company’s stock valued at $6,248,000 after purchasing an additional 47,914 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Toll Brothers by 180.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 24,082 shares of the construction company’s stock valued at $951,000 after purchasing an additional 15,482 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Toll Brothers by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 166,624 shares of the construction company’s stock valued at $6,583,000 after purchasing an additional 905 shares during the period. 88.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Toll Brothers Inc (NYSE TOL) opened at $51.58 on Friday. Toll Brothers Inc has a 1 year low of $30.67 and a 1 year high of $52.40. 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 firm has a market capitalization of $8,160.00, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. equities analysts predict that Toll Brothers Inc will post 3.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. Toll Brothers’s payout ratio is 10.06%.
TOL has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a research report on Monday, September 25th. ValuEngine cut Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. MKM Partners upped their target price on Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, October 10th. Finally, UBS Group initiated coverage on Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.63.
In other Toll Brothers news, President Richard T. Hartman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total transaction of $940,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Richard T. Hartman sold 8,537 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the sale, the president now directly owns 27,233 shares of the company’s stock, valued at $1,252,718. The disclosure for this sale can be found here. Insiders have sold a total of 104,037 shares of company stock valued at $5,043,132 over the last ninety days. 8.78% of the stock is 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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