Serity Partners LLC acquired Toll Brothers, Inc. during the second quarter. (NYSE: TOL – Get Rating) , according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,117 shares of the construction company’s stock, valued at approximately $273,000.
Other institutional investors have also bought and sold shares of the company recently. Harold Advisors Inc. acquired a new position in Toll Brothers during the first quarter valued at approximately $28,000. Meeder Asset Management Inc. acquired a new position in Toll Brothers during the first quarter valued at approximately $35,000. Fifth Third Bancorp increased its position in Toll Brothers by 67.2% during the second quarter. Fifth Third Bancorp now owns 764 shares of the construction company’s stock valued at $34,000 after buying an additional 307 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in Toll Brothers shares worth approximately $39,000 in the second quarter. Lastly, Cullen Frost Bankers Inc. acquired a new position in Toll Brothers shares valued at approximately $42,000 in the first quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.
Analysts set new price targets
Several research firms have recently commented on TOL. Wedbush cut their target price on Toll Brothers from $62.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25. Raymond James cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Friday, October 21. Citigroup increased its price target on Toll Brothers to $47.00 in a research note on Thursday, October 13. Bank of America cut Toll Brothers from a “buy” rating to “neutral” rating and set a target price of $49.00 for the company. In a research note on Thursday, Aug. 25. Finally, StockNews.com began coverage on Toll Brothers in a research note on Wednesday, October 12. They set a “Hold” rating for the company. Two research analysts have rated the stock with a Sell rating, nine have issued a Hold rating and two have a Buy rating on the company’s stock. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $51.92, according to MarketBeat data.
In related news, director Carl B. Marbach sold 1,000 shares of the stock in one transaction on Tuesday, October 11. The stock was sold at an average price of $44.60, for a total value of $44,600.00. Following completion of the sale, the director now directly owns 71,155 shares in the company, valued at $3,173,513. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is accessible through the SEC website. 8.28% of the stock is owned by corporate insiders.
Toll Brothers stock down 1.1%
TOL shares opened at $45.04 on Tuesday. Toll Brothers, Inc. The 52-week low is $39.53 and the 52-week high is $75.61. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 5.32, and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, quick ratio of 0.48 and current ratio of 4.99. The stock’s 50-day moving average is $43.40 and its 200-day moving average is $45.75.
Toll Brothers (NYSE: TOL – Receive Rating) last announced its quarterly earnings results on Tuesday, August 23. The construction company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Toll Brothers’ Return on Equity was 18.93% and Net Margin was 10.62%. The company’s revenue during the quarter was $2.49 billion, beating analysts’ estimates of $2.49 billion. During the same period last year, the company earned $1.87 EPS. As a group, sell-side analysts estimate Toll Brothers, Inc. will post $9.31 earnings per share for the current fiscal year.
Toll Brothers Dividend Declaration
The company also recently declared a quarterly dividend, to be paid on Friday, October 21. A $0.20 dividend was paid to shareholders of record on Friday, October 7th. This represents a $0.80 dividend and a dividend yield of 1.78% on an annualized basis. The ex-dividend date was Thursday, October 6. Toll Brothers’ payout ratio is 9.46%.
Toll Brothers Company Profile
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells and finances 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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