Crossmark Global Holdings Inc. increased its position in shares of Toll Brothers Inc (NYSE:TOL) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,455 shares of the construction company’s stock after buying an additional 400 shares during the period. Crossmark Global Holdings Inc.’s holdings in Toll Brothers were worth $608,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of Toll Brothers by 694.0% during the fourth quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock worth $26,000 after buying an additional 694 shares during the period. IMS Capital Management purchased a new stake in shares of Toll Brothers during the third quarter worth approximately $36,000. Spirit of America Management Corp NY increased its stake in shares of Toll Brothers by 107.1% during the fourth quarter. Spirit of America Management Corp NY now owns 2,900 shares of the construction company’s stock worth $96,000 after buying an additional 1,500 shares during the period. Lavaca Capital LLC purchased a new position in Toll Brothers in the fourth quarter valued at approximately $102,000. Finally, Truvestments Capital LLC purchased a new position in Toll Brothers in the third quarter valued at approximately $119,000. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Shares of TOL opened at $36.62 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.27 and a current ratio of 6.83. The company has a market cap of $5.37 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.49 and a beta of 1.04. Toll Brothers Inc has a 12-month low of $28.68 and a 12-month high of $49.24.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Friday, January 11th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, January 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.20%. Toll Brothers’s dividend payout ratio (DPR) is presently 9.34%.
Several brokerages have commented on TOL. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday. Royal Bank of Canada lowered shares of Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 price target on the stock. in a research note on Thursday, December 6th. Wedbush reiterated a “neutral” rating and issued a $36.00 price target (down from $44.00) on shares of Toll Brothers in a research note on Tuesday, December 4th. Barclays dropped their price target on shares of Toll Brothers from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Monday, December 3rd. Finally, ValuEngine upgraded shares of Toll Brothers from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $41.64.
In other news, Director Paul E. Shapiro sold 5,539 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $32.18, for a total transaction of $178,245.02. Following the transaction, the director now directly owns 108,916 shares in the company, valued at $3,504,916.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $36.83, for a total transaction of $441,960.00. Following the transaction, the chief financial officer now owns 76,504 shares in the company, valued at $2,817,642.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,039 shares of company stock worth $977,010. Insiders own 9.69% of the company’s stock.
Toll Brothers Company Profile
Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the Traditional Home Building and City Living segments. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.
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