Chartwell Investment Partners LLC Has $2.52 Million Position in Toll Brothers Inc. (TOL)
Chartwell Investment Partners LLC lifted its holdings in Toll Brothers Inc. (NYSE:TOL) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,750 shares of the construction company’s stock after purchasing an additional 9,953 shares during the period. Chartwell Investment Partners LLC’s holdings in Toll Brothers were worth $2,519,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at $101,000. Advisors Asset Management Inc. lifted its stake in shares of Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,017 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after purchasing an additional 2,152 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at $151,000. Finally, Toronto Dominion Bank lifted its stake in shares of Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.
In other news, Director Carl B. Marbach sold 12,900 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. Following the transaction, the director now owns 114,149 shares in the company, valued at approximately $4,562,535.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the transaction, the president now owns 27,233 shares in the company, valued at approximately $1,252,718. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,187 shares of company stock worth $3,124,490. Insiders own 8.78% of the company’s stock.
Toll Brothers Inc. (NYSE TOL) traded up $0.33 during trading hours on Friday, hitting $48.40. 576,039 shares of the stock traded hands, compared to its average volume of 2,068,165. Toll Brothers Inc. has a one year low of $29.12 and a one year high of $48.76. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 6.75. The company has a market cap of $7,863.05, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.03 and a beta of 1.55.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. Toll Brothers’s payout ratio is 11.90%.
Several brokerages recently commented on TOL. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 target price on shares of Toll Brothers in a report on Thursday, August 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a report on Monday, September 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $37.00 target price (down previously from $40.00) on shares of Toll Brothers in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Toll Brothers has a consensus rating of “Hold” and a consensus price target of $44.00.
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Toll Brothers Company 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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