Meadow Creek Investment Management LLC raised its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 95.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,664 shares of the construction company’s stock after acquiring an additional 22,336 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Toll Brothers were worth $2,193,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after acquiring an additional 1,600 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $120,000. CENTRAL TRUST Co bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $157,000. Charter Trust Co. bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $210,000. Finally, FCA Corp TX bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $216,000. 86.03% of the stock is owned by institutional investors.
In other Toll Brothers news, Director Christine Garvey sold 16,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $50.82, for a total transaction of $813,120.00. Following the completion of the sale, the director now owns 17,057 shares of the company’s stock, valued at approximately $866,836.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $49.83, for a total value of $996,600.00. Following the sale, the chief executive officer now directly owns 231,785 shares of the company’s stock, valued at approximately $11,549,846.55. The disclosure for this sale can be found here. Insiders have sold a total of 95,950 shares of company stock valued at $4,910,012 in the last ninety days. Insiders own 8.78% of the company’s stock.
Several equities analysts have recently weighed in on TOL shares. ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. MKM Partners raised their target price on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Wedbush reissued a “neutral” rating and issued a $40.00 target price (down from $45.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Royal Bank of Canada raised their target price on shares of Toll Brothers to $57.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Finally, Argus set a $55.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.75.
Shares of Toll Brothers Inc (TOL) opened at $44.79 on Friday. Toll Brothers Inc has a twelve month low of $34.99 and a twelve month high of $52.73. The stock has a market capitalization of $6,885.66, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.09. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 27.7% on a year-over-year basis. equities research analysts expect that Toll Brothers Inc will post 4.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.11 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, April 12th. This represents a $0.44 annualized dividend and a yield of 0.98%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.89%.
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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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