AQR Capital Management LLC Boosts Stake in Toll Brothers Inc. $TOL

AQR Capital Management LLC increased its stake in Toll Brothers Inc. (NYSE:TOL) by 83.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,607,993 shares of the construction company’s stock after purchasing an additional 1,183,304 shares during the quarter. AQR Capital Management LLC owned approximately 2.66% of Toll Brothers worth $297,650,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TOL. Basswood Capital Management L.L.C. lifted its holdings in Toll Brothers by 3.0% during the second quarter. Basswood Capital Management L.L.C. now owns 295,469 shares of the construction company’s stock valued at $33,722,000 after purchasing an additional 8,657 shares in the last quarter. Unisphere Establishment increased its holdings in shares of Toll Brothers by 25.5% in the second quarter. Unisphere Establishment now owns 59,000 shares of the construction company’s stock worth $6,734,000 after purchasing an additional 12,000 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Toll Brothers by 29.1% in the second quarter. Raymond James Financial Inc. now owns 318,602 shares of the construction company’s stock worth $36,362,000 after buying an additional 71,853 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Toll Brothers by 15.8% during the second quarter. Quantinno Capital Management LP now owns 54,705 shares of the construction company’s stock valued at $6,244,000 after buying an additional 7,472 shares during the last quarter. Finally, Globeflex Capital L P grew its holdings in Toll Brothers by 3.1% during the 2nd quarter. Globeflex Capital L P now owns 158,651 shares of the construction company’s stock valued at $18,107,000 after buying an additional 4,728 shares in 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. Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday. Wells Fargo & Company raised their price target on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. dropped their price objective on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Finally, Wedbush reiterated an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.36.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $139.13 on Friday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.79. The firm has a 50 day moving average of $134.80 and a 200 day moving average of $128.41. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.34.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.63 earnings per share. On average, sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 10th. Toll Brothers’s dividend payout ratio is currently 7.37%.

About Toll Brothers

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.