Chartwell Investment Partners LLC lessened its holdings in Toll Brothers Inc (NYSE:TOL) by 35.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,995 shares of the construction company’s stock after selling 21,755 shares during the period. Chartwell Investment Partners LLC’s holdings in Toll Brothers were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in TOL. Macquarie Group Ltd. increased its holdings in Toll Brothers by 1,256.3% in the 2nd quarter. Macquarie Group Ltd. now owns 36,620 shares of the construction company’s stock valued at $1,445,000 after buying an additional 33,920 shares during the period. Janus Henderson Group PLC increased its holdings in Toll Brothers by 75.1% in the 2nd quarter. Janus Henderson Group PLC now owns 38,235 shares of the construction company’s stock valued at $1,511,000 after buying an additional 16,400 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Toll Brothers by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 218,656 shares of the construction company’s stock valued at $8,638,000 after buying an additional 3,888 shares during the period. Sterling Capital Management LLC bought a new stake in Toll Brothers in the 2nd quarter valued at $913,000. Finally, Toronto Dominion Bank increased its holdings in 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 buying an additional 192 shares during the period. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on TOL shares. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a report on Wednesday, November 15th. Wells Fargo & Co reissued an “outperform” rating and issued a $54.00 price target (up previously from $42.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Argus set a $55.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Wednesday, December 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $52.00 target price (up previously from $43.00) on shares of Toll Brothers in a report on Thursday, December 7th. Finally, UBS Group initiated coverage on shares of Toll Brothers in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.19.
Toll Brothers Inc (TOL) opened at $46.78 on Wednesday. The stock has a market cap of $7,190.00, a PE ratio of 14.71, a P/E/G ratio of 0.84 and a beta of 1.38. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71. Toll Brothers Inc has a 52-week low of $31.36 and a 52-week high of $52.73.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings results 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). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. analysts forecast that Toll Brothers Inc will post 4.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.32 annualized dividend and a yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is 10.06%.
In related news, Director Richard J. Braemer sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.55, for a total transaction of $931,000.00. Following the transaction, the director now owns 82,873 shares in the company, valued at approximately $3,857,738.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 16,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $50.82, for a total transaction of $813,120.00. Following the transaction, the director now owns 17,057 shares in the company, valued at approximately $866,836.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,950 shares of company stock worth $5,841,012. 9.01% of the stock is owned by corporate insiders.
Toll Brothers 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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