Catalyst Capital Advisors LLC Takes Position in Toll Brothers Inc (TOL)
Catalyst Capital Advisors LLC acquired a new stake in Toll Brothers Inc (NYSE:TOL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 240,000 shares of the construction company’s stock, valued at approximately $11,525,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TOL. QS Investors LLC raised its holdings in Toll Brothers by 62.9% in the 2nd quarter. QS Investors LLC now owns 8,092 shares of the construction company’s stock valued at $320,000 after acquiring an additional 3,126 shares in the last quarter. AHL Partners LLP acquired a new position in Toll Brothers in the 2nd quarter valued at $282,000. Macquarie Group Ltd. raised its holdings in Toll Brothers by 1,256.3% in the 2nd quarter. Macquarie Group Ltd. now owns 36,620 shares of the construction company’s stock valued at $1,445,000 after acquiring an additional 33,920 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Toll Brothers by 75.1% in the 2nd quarter. Janus Henderson Group PLC now owns 38,235 shares of the construction company’s stock valued at $1,511,000 after acquiring an additional 16,400 shares in the last quarter. Finally, State Street Corp raised its holdings in Toll Brothers by 0.9% in the 2nd quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock valued at $247,263,000 after acquiring an additional 53,781 shares in the last quarter. 88.11% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, February 6th. Wedbush lifted their price target on Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Mizuho set a $52.00 price target on Toll Brothers and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, UBS Group reiterated a “buy” rating and issued a $58.00 price target (up previously from $53.00) on shares of Toll Brothers in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $51.19.
Shares of Toll Brothers Inc (TOL) opened at $45.31 on Tuesday. The firm has a market capitalization of $6,970.00, a price-to-earnings ratio of 14.25, a P/E/G ratio of 0.80 and a beta of 1.38. Toll Brothers Inc has a 52-week low of $31.05 and a 52-week high of $52.73. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. analysts forecast that Toll Brothers Inc will post 4.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. Toll Brothers’s dividend payout ratio is currently 10.06%.
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.
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