Renaissance Technologies LLC bought a new position in shares of Toll Brothers Inc (NYSE:TOL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 809,800 shares of the construction company’s stock, valued at approximately $38,887,000. Renaissance Technologies LLC owned approximately 0.53% of Toll Brothers at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Toll Brothers by 4.1% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,627 shares of the construction company’s stock worth $1,327,000 after purchasing an additional 1,100 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Toll Brothers by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 66,400 shares of the construction company’s stock worth $2,765,000 after purchasing an additional 1,300 shares in the last quarter. Timber Hill LLC grew its position in shares of Toll Brothers by 21.5% during the fourth quarter. Timber Hill LLC now owns 8,710 shares of the construction company’s stock worth $418,000 after purchasing an additional 1,540 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Toll Brothers by 202.5% during the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after purchasing an additional 1,600 shares in the last quarter. Finally, AMP Capital Investors Ltd grew its position in shares of Toll Brothers by 1.4% during the third quarter. AMP Capital Investors Ltd now owns 124,774 shares of the construction company’s stock worth $5,174,000 after purchasing an additional 1,704 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.
In other news, Director Paul E. Shapiro sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $51.54, for a total value of $1,288,500.00. Following the completion of the sale, the director now directly owns 131,493 shares of the company’s stock, valued at approximately $6,777,149.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Garvey sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $50.82, for a total value of $813,120.00. Following the completion of the sale, the director now directly owns 17,057 shares of the company’s stock, valued at $866,836.74. The disclosure for this sale can be found here. Insiders sold a total of 95,950 shares of company stock valued at $4,910,012 over the last ninety days. Corporate insiders own 8.78% of the company’s stock.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.09. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. sell-side analysts predict that Toll Brothers Inc will post 4.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.98%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, April 12th. Toll Brothers’s dividend payout ratio (DPR) is presently 8.89%.
A number of equities analysts recently commented on TOL shares. ValuEngine lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Wells Fargo reissued an “outperform” rating and set a $54.00 price target (up from $42.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Mizuho set a $54.00 price target on Toll Brothers and gave the company a “buy” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 price target on shares of Toll Brothers in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $56.00 price target (up from $45.00) on shares of Toll Brothers in a research note on Monday, January 22nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $50.75.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://weekherald.com/2018/03/18/renaissance-technologies-llc-invests-38-89-million-in-toll-brothers-inc-tol.html.
Toll Brothers 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.
Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.