Asset Management Resources LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,884 shares of the construction company’s stock after purchasing an additional 300 shares during the period. Asset Management Resources LLC’s holdings in Toll Brothers were worth $262,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TOL. Los Angeles Capital Management LLC increased its stake in shares of Toll Brothers by 472.4% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,676,724 shares of the construction company’s stock worth $78,840,000 after purchasing an additional 1,383,812 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Toll Brothers by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock worth $546,551,000 after purchasing an additional 968,528 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Toll Brothers by 164.7% during the 1st quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company’s stock worth $59,949,000 after buying an additional 793,239 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth about $29,719,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Toll Brothers by 14.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,512,469 shares of the construction company’s stock worth $212,176,000 after buying an additional 573,880 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.
Toll Brothers Price Performance
TOL stock traded down $0.34 during trading on Friday, reaching $41.75. 31,276 shares of the company were exchanged, compared to its average volume of 1,847,753. The company has a 50-day moving average of $46.60 and a two-hundred day moving average of $47.25. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 4.98 and a beta of 1.49. Toll Brothers, Inc. has a twelve month low of $40.19 and a twelve month high of $75.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.99 and a quick ratio of 0.48.
Toll Brothers Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, October 6th. Toll Brothers’s dividend payout ratio (DPR) is currently 9.46%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on TOL shares. Raymond James reduced their target price on shares of Toll Brothers from $75.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, August 29th. Wells Fargo & Company downgraded shares of Toll Brothers from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $56.00 to $48.00 in a report on Friday, June 17th. Wedbush cut their price objective on shares of Toll Brothers from $62.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. UBS Group cut their price objective on shares of Toll Brothers from $74.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, June 16th. Finally, Royal Bank of Canada cut their price objective on shares of Toll Brothers from $67.00 to $53.00 in a report on Thursday, May 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.67.
Toll Brothers 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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.
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