Amalgamated Bank Lowers Holdings in Toll Brothers, Inc. (NYSE:TOL)

Amalgamated Bank trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,878 shares of the construction company’s stock after selling 3,093 shares during the period. Amalgamated Bank owned approximately 0.07% of Toll Brothers worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Veritable L.P. raised its holdings in shares of Toll Brothers by 2.7% during the 1st quarter. Veritable L.P. now owns 25,474 shares of the construction company’s stock worth $1,198,000 after acquiring an additional 673 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $5,075,000. Exchange Traded Concepts LLC raised its holdings in shares of Toll Brothers by 121.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 787 shares of the construction company’s stock worth $37,000 after acquiring an additional 432 shares in the last quarter. KBC Group NV raised its holdings in shares of Toll Brothers by 80.3% during the 1st quarter. KBC Group NV now owns 5,502 shares of the construction company’s stock worth $259,000 after acquiring an additional 2,451 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Toll Brothers during the 1st quarter worth approximately $32,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

TOL opened at $42.94 on Thursday. Toll Brothers, Inc. has a 12-month low of $40.19 and a 12-month high of $75.61. The company has a current ratio of 4.99, a quick ratio of 0.48 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $46.71 and its 200-day simple moving average is $47.30. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 5.08 and a beta of 1.49.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Toll Brothers had a return on equity of 18.93% and a net margin of 10.62%. During the same quarter in the prior year, the business posted $1.87 EPS. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 9.47 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Thursday, October 6th. Toll Brothers’s dividend payout ratio (DPR) is currently 9.46%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TOL shares. Bank of America lowered Toll Brothers from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Thursday, August 25th. Wells Fargo & Company lowered Toll Brothers from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $56.00 to $48.00 in a report on Friday, June 17th. UBS Group decreased their price target on Toll Brothers from $74.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Wedbush decreased their price target on Toll Brothers from $62.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. Finally, Citigroup decreased their price target on Toll Brothers from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of “Hold” and an average target price of $51.67.

About Toll Brothers

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

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

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