HL Financial Services LLC increased its position in Toll Brothers Inc. (NYSE:TOL) by 9.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 83,778 shares of the construction company’s stock after buying an additional 7,293 shares during the period. HL Financial Services LLC owned approximately 0.05% of Toll Brothers worth $3,310,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. BP PLC bought a new position in shares of Toll Brothers during the second quarter worth about $4,701,000. Algert Global LLC bought a new position in shares of Toll Brothers during the second quarter worth about $2,228,000. Pictet Asset Management Ltd. boosted its position in shares of Toll Brothers by 5.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,421,947 shares of the construction company’s stock worth $52,484,000 after buying an additional 75,099 shares during the last quarter. Davis R M Inc. boosted its position in shares of Toll Brothers by 3.5% in the second quarter. Davis R M Inc. now owns 507,821 shares of the construction company’s stock worth $20,064,000 after buying an additional 17,386 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Toll Brothers by 90.9% in the second quarter. Retirement Systems of Alabama now owns 364,355 shares of the construction company’s stock worth $14,396,000 after buying an additional 173,489 shares during the last quarter. 80.32% of the stock is owned by institutional investors and hedge funds.
Shares of Toll Brothers Inc. (NYSE TOL) traded down 1.24% on Friday, reaching $38.15. The company’s stock had a trading volume of 2,154,876 shares. The company has a market cap of $6.24 billion, a PE ratio of 15.73 and a beta of 1.52. The firm has a 50 day moving average of $39.44 and a 200 day moving average of $36.86. Toll Brothers Inc. has a 52-week low of $26.65 and a 52-week high of $41.07.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts predict that Toll Brothers Inc. will post $3.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. Toll Brothers’s dividend payout ratio (DPR) is presently 13.17%.
A number of research firms recently weighed in on TOL. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, August 8th. BidaskClub cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Royal Bank Of Canada raised their price target on Toll Brothers from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Mizuho reaffirmed a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. Finally, Barclays PLC cut Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target for the company. in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Toll Brothers has an average rating of “Buy” and an average target price of $39.67.
In other news, Director Stephen A. Novick sold 85,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $39.08, for a total transaction of $3,321,800.00. Following the transaction, the director now owns 24,417 shares of the company’s stock, valued at approximately $954,216.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert I. Toll sold 273,033 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $38.00, for a total transaction of $10,375,254.00. Following the transaction, the insider now directly owns 7,420,317 shares in the company, valued at approximately $281,972,046. The disclosure for this sale can be found here. Insiders have sold a total of 403,533 shares of company stock worth $15,456,475 in the last three months. Insiders own 8.78% of the company’s stock.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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