LPL Financial LLC boosted its stake in Toll Brothers (NYSE:TOL) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,884 shares of the construction company’s stock after acquiring an additional 4,475 shares during the quarter. LPL Financial LLC’s holdings in Toll Brothers were worth $1,003,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its stake in Toll Brothers by 1.5% during the third quarter. New York State Common Retirement Fund now owns 364,515 shares of the construction company’s stock worth $15,116,000 after purchasing an additional 5,500 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Toll Brothers by 11.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 630,524 shares of the construction company’s stock valued at $26,148,000 after purchasing an additional 62,291 shares during the period. BB&T Securities LLC acquired a new position in shares of Toll Brothers during the third quarter valued at $231,000. OxFORD Asset Management LLP acquired a new position in shares of Toll Brothers during the third quarter valued at $642,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in 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 acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.
TOL has been the subject of a number of recent analyst reports. Mizuho set a $54.00 price target on Toll Brothers and gave the company a “buy” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price objective on shares of Toll Brothers in a research report on Wednesday, January 24th. Credit Suisse Group reaffirmed 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. UBS reaffirmed a “buy” rating and set a $58.00 price target (up from $53.00) on shares of Toll Brothers in a research note on Wednesday, January 17th. Finally, ValuEngine raised Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Toll Brothers presently has an average rating of “Buy” and an average price target of $50.75.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 27.7% on a year-over-year basis. equities research analysts predict that Toll Brothers will post 4.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a $0.11 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, April 12th. Toll Brothers’s dividend payout ratio is 13.88%.
In other Toll Brothers news, CFO Martin P. Connor sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $51.83, for a total value of $621,960.00. Following the sale, the chief financial officer now owns 55,357 shares in the company, valued at $2,869,153.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 8,450 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $51.76, for a total value of $437,372.00. Following the completion of the sale, the chief financial officer now owns 55,357 shares in the company, valued at approximately $2,865,278.32. The disclosure for this sale can be found here. 9.01% of the stock is owned by corporate insiders.
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About Toll Brothers
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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