Fisher Asset Management LLC boosted its position in Toll Brothers Inc. (NYSE:TOL) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 528,961 shares of the construction company’s stock after buying an additional 1,114 shares during the period. Fisher Asset Management LLC owned approximately 0.32% of Toll Brothers worth $20,899,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in TOL. Numeric Investors LLC purchased a new stake in Toll Brothers during the fourth quarter worth $226,000. Norges Bank purchased a new stake in Toll Brothers during the fourth quarter worth $47,099,000. RMB Capital Management LLC purchased a new stake in Toll Brothers during the fourth quarter worth $217,000. M Holdings Securities Inc. boosted its stake in Toll Brothers by 5.2% in the fourth quarter. M Holdings Securities Inc. now owns 8,843 shares of the construction company’s stock worth $274,000 after buying an additional 438 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Toll Brothers by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 155,082 shares of the construction company’s stock worth $4,808,000 after buying an additional 5,830 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.
Shares of Toll Brothers Inc. (NYSE:TOL) opened at 40.17 on Monday. Toll Brothers Inc. has a one year low of $26.65 and a one year high of $41.07. The company has a 50-day moving average price of $38.11 and a 200 day moving average price of $34.93. The firm has a market capitalization of $6.57 billion, a P/E ratio of 16.56 and a beta of 1.52.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.10. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $0.51 EPS. Toll Brothers’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts expect that Toll Brothers Inc. will post $3.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, July 12th. Toll Brothers’s dividend payout ratio is 13.17%.
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A number of equities research analysts recently weighed in on TOL shares. Royal Bank Of Canada restated a “hold” rating and issued a $37.00 price target on shares of Toll Brothers in a report on Monday, March 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 price target on shares of Toll Brothers in a report on Monday, April 10th. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, April 25th. Mizuho assumed coverage on Toll Brothers in a report on Tuesday, May 16th. They set a “buy” rating and a $44.00 target price on the stock. Finally, Zelman & Associates upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $39.33.
In other Toll Brothers news, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $40.45, for a total transaction of $80,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares of the company’s stock, valued at approximately $1,409,116.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Richard T. Hartman sold 7,836 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $37.00, for a total transaction of $289,932.00. Following the transaction, the president now directly owns 31,770 shares of the company’s stock, valued at approximately $1,175,490. The disclosure for this sale can be found here. In the last three months, insiders have sold 413,336 shares of company stock valued at $15,821,153. Company insiders own 8.78% of the company’s stock.
About Toll Brothers
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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