Sovereign Financial Group Inc. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,971 shares of the construction company’s stock, valued at approximately $305,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ossiam grew its holdings in Toll Brothers by 122.8% during the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after purchasing an additional 4,159 shares during the period. Spouting Rock Asset Management LLC purchased a new position in Toll Brothers during the fourth quarter valued at approximately $475,000. Voisard Asset Management Group Inc. purchased a new position in shares of Toll Brothers during the 4th quarter valued at $67,000. Virtu Financial LLC increased its stake in Toll Brothers by 90.4% in the 4th quarter. Virtu Financial LLC now owns 18,964 shares of the construction company’s stock worth $1,949,000 after acquiring an additional 9,005 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Toll Brothers by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after acquiring an additional 12,493 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.
Analyst Ratings Changes
TOL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Evercore ISI increased their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Wedbush lifted their target price on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $147.07.
Toll Brothers Price Performance
Shares of NYSE:TOL opened at $151.00 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm has a market capitalization of $15.50 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.21 and a beta of 1.66. The company’s fifty day moving average price is $142.17 and its 200 day moving average price is $129.24. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $156.08.
Toll Brothers (NYSE:TOL – Get Free Report) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.73 EPS. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.
Toll Brothers Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.28%.
Insiders Place Their Bets
In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,257 shares of company stock worth $28,646,402 over the last ninety days. 1.54% of the stock is owned by company insiders.
Toll Brothers Company Profile
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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