New Amsterdam Partners LLC NY Purchases New Stake in Toll Brothers Inc (TOL)

New Amsterdam Partners LLC NY purchased a new stake in Toll Brothers Inc (NYSE:TOL) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,303 shares of the construction company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $119,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Toll Brothers by 186.7% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock worth $159,000 after buying an additional 2,800 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Toll Brothers by 1,850.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,227 shares of the construction company’s stock worth $193,000 after buying an additional 4,959 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Toll Brothers during the 2nd quarter worth approximately $201,000. Finally, Creative Planning bought a new position in shares of Toll Brothers during the 2nd quarter worth approximately $210,000. 81.97% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers stock opened at $32.36 on Friday. Toll Brothers Inc has a 1-year low of $28.68 and a 1-year high of $52.73. The company has a market capitalization of $4.89 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 0.41 and a beta of 1.17. The company has a quick ratio of 0.88, a current ratio of 6.98 and a debt-to-equity ratio of 0.80.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 21st. The construction company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.23. Toll Brothers had a net margin of 9.37% and a return on equity of 13.49%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business earned $0.87 EPS. Toll Brothers’s revenue was up 27.3% compared to the same quarter last year. Sell-side analysts forecast that Toll Brothers Inc will post 4.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were paid a $0.11 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. Toll Brothers’s dividend payout ratio is 13.88%.

In related news, Director Edward G. Boehne sold 17,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total value of $639,880.00. Following the completion of the transaction, the director now directly owns 99,598 shares in the company, valued at approximately $3,748,868.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.78% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Bank of America raised their price target on shares of Toll Brothers from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Raymond James restated a “buy” rating and set a $44.00 price target (down previously from $50.00) on shares of Toll Brothers in a research note on Thursday, August 23rd. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, July 24th. Finally, Barclays restated a “sell” rating and set a $37.00 price target (down previously from $39.00) on shares of Toll Brothers in a research note on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.56.

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About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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