Dupont Capital Management Corp Invests $6.07 Million in Toll Brothers Inc. (TOL)
Dupont Capital Management Corp purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 146,400 shares of the construction company’s stock, valued at approximately $6,071,000. Dupont Capital Management Corp owned 0.09% of Toll Brothers at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of TOL. Teachers Advisors LLC boosted its position in Toll Brothers by 6.9% during the first quarter. Teachers Advisors LLC now owns 165,719 shares of the construction company’s stock valued at $5,984,000 after purchasing an additional 10,637 shares in the last quarter. Morgan Stanley boosted its position in Toll Brothers by 33.9% during the first quarter. Morgan Stanley now owns 701,235 shares of the construction company’s stock valued at $25,322,000 after purchasing an additional 177,696 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Toll Brothers by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 522,484 shares of the construction company’s stock valued at $18,867,000 after purchasing an additional 27,838 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Toll Brothers during the first quarter valued at about $246,000. Finally, Xact Kapitalforvaltning AB boosted its position in Toll Brothers by 23.0% during the second quarter. Xact Kapitalforvaltning AB now owns 12,375 shares of the construction company’s stock valued at $489,000 after purchasing an additional 2,317 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.
Shares of Toll Brothers Inc. (TOL) opened at $43.90 on Friday. The company has a current ratio of 6.75, a quick ratio of 1.10 and a debt-to-equity ratio of 0.84. Toll Brothers Inc. has a twelve month low of $26.65 and a twelve month high of $46.63. The company has a market capitalization of $7,180.94, a PE ratio of 16.32, a P/E/G ratio of 0.94 and a beta of 1.55.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. analysts expect that Toll Brothers Inc. will post 3.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, October 12th. Toll Brothers’s dividend payout ratio (DPR) is 11.90%.
In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $43.45, for a total transaction of $217,250.00. Following the completion of the sale, the chief financial officer now owns 37,836 shares of the company’s stock, valued at $1,643,974.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Richard T. Hartman sold 8,537 shares of Toll Brothers stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the sale, the president now directly owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The disclosure for this sale can be found here. Insiders have sold 52,187 shares of company stock valued at $2,184,490 in the last ninety days. Corporate insiders own 8.78% of the company’s stock.
A number of brokerages recently weighed in on TOL. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Monday, September 25th. BidaskClub downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. UBS AG began coverage on Toll Brothers in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of Toll Brothers in a research report on Friday, August 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $47.00 price objective on shares of Toll Brothers in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.93.
About Toll Brothers
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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