Toll Brothers Inc. (TOL) Holdings Cut by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Toll Brothers Inc. (NYSE:TOL) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,406 shares of the construction company’s stock after selling 2,730 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Toll Brothers were worth $1,966,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. World Asset Management Inc grew its position in Toll Brothers by 1.8% in the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock valued at $398,000 after acquiring an additional 181 shares during the last quarter. Toronto Dominion Bank grew its position in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after acquiring an additional 192 shares during the last quarter. Veritable L.P. grew its position in Toll Brothers by 0.9% in the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock valued at $1,060,000 after acquiring an additional 237 shares during the last quarter. River Wealth Advisors LLC grew its position in Toll Brothers by 1.8% in the second quarter. River Wealth Advisors LLC now owns 19,770 shares of the construction company’s stock valued at $781,000 after acquiring an additional 350 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its position in Toll Brothers by 3.1% in the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock valued at $485,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.
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TOL has been the topic of a number of recent analyst reports. UBS Group AG started coverage on Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 target price on the stock. BidaskClub lowered Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp raised Toll Brothers from a “sector weight” rating to an “overweight” rating and lifted their price target for the company from $44.55 to $52.00 in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research note on Wednesday, November 15th. Finally, Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two research 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. The company presently has an average rating of “Hold” and an average price target of $44.00.
Shares of Toll Brothers Inc. (TOL) opened at $48.07 on Thursday. The firm has a market capitalization of $7,843.42, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.03 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. Toll Brothers Inc. has a 1-year low of $29.12 and a 1-year high of $48.23.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. equities analysts anticipate that Toll Brothers Inc. will post 3.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a $0.08 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.67%. Toll Brothers’s payout ratio is currently 11.90%.
In other news, President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the sale, the president now owns 27,233 shares in the company, valued at $1,252,718. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard J. Braemer sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total value of $284,100.00. Following the sale, the director now owns 110,373 shares of the company’s stock, valued at approximately $4,180,929.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,187 shares of company stock valued at $3,124,490. 8.78% of the stock is currently owned by corporate insiders.
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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