Aperio Group LLC lifted its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,188 shares of the construction company’s stock after purchasing an additional 2,031 shares during the quarter. Aperio Group LLC’s holdings in Toll Brothers were worth $1,998,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in Toll Brothers in the 2nd quarter valued at about $101,000. Advisors Asset Management Inc. grew its stake in Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after acquiring an additional 1,017 shares during the last quarter. IFP Advisors Inc grew its stake in Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after acquiring an additional 2,152 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in Toll Brothers in the 2nd quarter valued at about $151,000. Finally, Toronto Dominion Bank grew its stake 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 acquiring an additional 192 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on TOL. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. BidaskClub cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. UBS AG began coverage on shares of Toll Brothers in a research note on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price objective on shares of Toll Brothers in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.00.
Toll Brothers Inc. (NYSE:TOL) opened at $47.05 on Wednesday. The firm has a market cap of $7,532.63, a PE ratio of 17.12, a PEG ratio of 0.99 and a beta of 1.55. Toll Brothers Inc. has a 1-year low of $28.30 and a 1-year high of $47.10. The company has a current ratio of 6.75, a quick ratio of 1.10 and a debt-to-equity ratio of 0.84.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. research analysts anticipate that Toll Brothers Inc. will post 3.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s payout ratio is currently 11.90%.
In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $43.45, for a total value of $217,250.00. Following the transaction, the chief financial officer now owns 37,836 shares in the company, valued at $1,643,974.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $41.45, for a total transaction of $82,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,443,952.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,187 shares of company stock worth $2,184,490. Insiders own 8.78% of the company’s stock.
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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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