First Trust Advisors LP Has $8.44 Million Holdings in Toll Brothers Inc. (TOL)
First Trust Advisors LP trimmed its position in Toll Brothers Inc. (NYSE:TOL) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,450 shares of the construction company’s stock after selling 22,022 shares during the period. First Trust Advisors LP owned 0.13% of Toll Brothers worth $8,437,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC bought a new position in Toll Brothers in the 2nd quarter valued at $101,000. Advisors Asset Management Inc. boosted its holdings in 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 period. IFP Advisors Inc boosted its holdings in 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 period. Aviance Capital Management LLC bought a new position in Toll Brothers in the 2nd quarter valued at $151,000. Finally, Toronto Dominion Bank boosted its holdings in 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 period. 80.97% of the stock is owned by hedge funds and other institutional investors.
Toll Brothers Inc. (NYSE:TOL) opened at $45.91 on Friday. The company has a market cap of $7,509.73, a price-to-earnings ratio of 17.07, a P/E/G ratio of 0.98 and a beta of 1.55. Toll Brothers Inc. has a 52-week low of $28.30 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. analysts forecast that Toll Brothers Inc. will post 3.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, October 12th. Toll Brothers’s payout ratio is presently 11.90%.
Several brokerages have commented on TOL. BidaskClub downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a research report on Sunday, October 8th. Wedbush restated a “neutral” rating and set a $37.00 price objective (down previously from $40.00) on shares of Toll Brothers in a research report on Tuesday, August 22nd. KeyCorp restated a “hold” rating on shares of Toll Brothers in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co cut shares of Toll Brothers from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $41.00 to $45.00 in a research report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Toll Brothers presently has a consensus rating of “Hold” and a consensus price target of $42.93.
In other Toll Brothers news, President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total value of $392,702.00. Following the transaction, the president now owns 27,233 shares in the company, valued at $1,252,718. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the completion of the transaction, the director now owns 110,373 shares in the company, valued at approximately $4,180,929.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,187 shares of company stock worth $2,184,490. 8.78% of the stock is owned by corporate insiders.
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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