Lingohr & Partner Asset Management GmbH acquired a new stake in shares of Toll Brothers Inc (NYSE:TOL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,700 shares of the construction company’s stock, valued at approximately $320,000.
Other large investors also recently added to or reduced their stakes in the company. Bridgewater Associates LP lifted its stake in Toll Brothers by 349.6% in the second quarter. Bridgewater Associates LP now owns 1,027,048 shares of the construction company’s stock worth $37,991,000 after acquiring an additional 798,617 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Toll Brothers by 534.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 712,250 shares of the construction company’s stock worth $26,346,000 after purchasing an additional 600,000 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Toll Brothers by 2,332.5% in the second quarter. Advisors Asset Management Inc. now owns 327,366 shares of the construction company’s stock worth $582,000 after purchasing an additional 313,908 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Toll Brothers by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 3,490,892 shares of the construction company’s stock worth $129,127,000 after purchasing an additional 309,953 shares in the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in Toll Brothers in the second quarter worth $11,028,000. 81.97% of the stock is owned by hedge funds and other institutional investors.
In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total value of $639,880.00. Following the transaction, the director now directly owns 99,598 shares of the company’s stock, valued at $3,748,868.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.78% of the company’s stock.
NYSE:TOL traded up $0.02 on Friday, hitting $32.38. The stock had a trading volume of 2,849,120 shares, compared to its average volume of 4,227,139. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.41 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98. Toll Brothers Inc has a 52-week low of $28.68 and a 52-week high of $52.73.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 21st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.23. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. As a group, equities analysts forecast that Toll Brothers Inc will post 4.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were given a $0.11 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.44 annualized dividend and a yield of 1.36%. Toll Brothers’s payout ratio is 13.88%.
A number of equities analysts have issued reports on TOL shares. Bank of America increased their price objective on Toll Brothers from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. ValuEngine downgraded Toll Brothers from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Raymond James restated a “buy” rating and set a $44.00 price target (down from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. Finally, Barclays restated a “sell” rating and set a $37.00 price target (down from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $47.56.
Toll Brothers Profile
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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