Tower Research Capital LLC TRC Increases Stake in Toll Brothers, Inc. (NYSE:TOL)

Tower Research Capital LLC TRC increased its position in Toll Brothers, Inc. (NYSE:TOLFree Report) by 60.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,633 shares of the construction company’s stock after acquiring an additional 7,426 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Toll Brothers were worth $2,018,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Voss Capital LLC purchased a new position in Toll Brothers during the 4th quarter valued at about $8,223,000. Jennison Associates LLC grew its holdings in Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after buying an additional 243,553 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock valued at $2,687,000 after buying an additional 16,993 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Toll Brothers by 11.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock valued at $52,522,000 after buying an additional 54,384 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in Toll Brothers by 21.6% during the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock valued at $993,000 after buying an additional 2,386 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 1,500 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on TOL shares. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their price target on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Wedbush reiterated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. Raymond James reiterated a “strong-buy” rating and set a $145.00 price target (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $124.75.

Check Out Our Latest Stock Analysis on TOL

Toll Brothers Price Performance

TOL opened at $117.09 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. Toll Brothers, Inc. has a 52-week low of $68.08 and a 52-week high of $135.37. The stock has a market capitalization of $12.02 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. The stock’s 50 day moving average price is $122.05 and its 200-day moving average price is $110.87.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. Toll Brothers’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 earnings per share. On average, equities research analysts predict that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Toll Brothers Company Profile

(Free Report)

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. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

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

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