Toll Brothers (TOL) Holdings Increased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of Toll Brothers (NYSE:TOL) by 27.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,884 shares of the construction company’s stock after purchasing an additional 4,475 shares during the period. LPL Financial LLC’s holdings in Toll Brothers were worth $1,003,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Toll Brothers by 803.5% during the 4th quarter. Millennium Management LLC now owns 2,045,499 shares of the construction company’s stock worth $98,225,000 after buying an additional 1,819,100 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at $38,887,000. Capital Growth Management LP raised its stake in shares of Toll Brothers by 410.5% in the 4th quarter. Capital Growth Management LP now owns 970,000 shares of the construction company’s stock valued at $46,579,000 after buying an additional 780,000 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Toll Brothers in the 4th quarter valued at $33,353,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $24,333,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

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Shares of Toll Brothers stock opened at $42.03 on Thursday. The stock has a market capitalization of $6,375.25, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. Toll Brothers has a 52-week low of $35.56 and a 52-week high of $52.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 7.31 and a quick ratio of 0.89.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.09. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. Toll Brothers’s quarterly revenue was up 27.7% on a year-over-year basis. analysts anticipate that Toll Brothers will post 4.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.11 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.44 annualized dividend and a yield of 1.05%. Toll Brothers’s payout ratio is presently 13.88%.

A number of equities research analysts recently issued reports on TOL shares. Mizuho set a $58.00 target price on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Thursday, January 18th. UBS restated a “buy” rating and issued a $58.00 price objective (up previously from $53.00) on shares of Toll Brothers in a research report on Wednesday, January 17th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, February 6th. ValuEngine lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. Finally, Credit Suisse Group set a $53.00 price objective on shares of Toll Brothers and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.75.

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Toll Brothers Company Profile

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.

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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