River Wealth Advisors LLC lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,015 shares of the construction company’s stock after purchasing an additional 2,245 shares during the period. River Wealth Advisors LLC’s holdings in Toll Brothers were worth $913,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. Koch Industries Inc. bought a new position in shares of Toll Brothers during the second quarter valued at about $1,177,000. FMR LLC lifted its position in shares of Toll Brothers by 13.4% during the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock valued at $357,278,000 after purchasing an additional 1,067,193 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Toll Brothers during the third quarter valued at about $36,566,000. Prudential Financial Inc. increased its holdings in Toll Brothers by 42.9% during the second quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock worth $56,639,000 after buying an additional 430,220 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Toll Brothers by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after buying an additional 323,334 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.
Toll Brothers Inc. (NYSE TOL) traded up $0.14 on Tuesday, hitting $46.05. 1,589,700 shares of the stock traded hands, compared to its average volume of 1,941,156. The stock has a market capitalization of $7,509.73, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10. Toll Brothers Inc. has a 52-week low of $28.30 and a 52-week high of $46.63.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. Toll Brothers’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. research analysts expect that Toll Brothers Inc. will post 3.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.32 annualized dividend and a yield of 0.69%. Toll Brothers’s dividend payout ratio is currently 11.90%.
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A number of research firms recently issued reports on TOL. BidaskClub downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a report on Sunday, October 8th. Wedbush restated a “neutral” rating and set a $37.00 price objective (down previously from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. KeyCorp restated a “hold” rating on shares of Toll Brothers in a report on Friday, August 25th. Finally, J P Morgan Chase & Co downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $41.00 to $45.00 in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Toll Brothers has a consensus rating of “Hold” and a consensus price target of $42.93.
In related news, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $41.45, for a total transaction of $82,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares of the company’s stock, valued at $1,443,952.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the transaction, the director now directly owns 110,373 shares of the company’s stock, valued at approximately $4,180,929.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,187 shares of company stock valued at $2,184,490. 8.78% of the stock is owned by corporate insiders.
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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