Wesbanco Bank Inc. Has $6.94 Million Position in Toll Brothers Inc. (TOL)
Wesbanco Bank Inc. lowered its holdings in Toll Brothers Inc. (NYSE:TOL) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,451 shares of the construction company’s stock after selling 18,170 shares during the period. Wesbanco Bank Inc. owned about 0.11% of Toll Brothers worth $6,944,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in TOL. Teachers Advisors LLC grew its position in Toll Brothers by 6.9% in 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. Schwab Charles Investment Management Inc. grew its position in Toll Brothers by 5.6% in 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 position in Toll Brothers in the first quarter valued at $246,000. Xact Kapitalforvaltning AB grew its position in Toll Brothers by 23.0% in 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. Finally, Capstone Asset Management Co. grew its position in Toll Brothers by 2.8% in the second quarter. Capstone Asset Management Co. now owns 17,005 shares of the construction company’s stock valued at $672,000 after purchasing an additional 460 shares in the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on TOL. KeyCorp raised shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and lifted their price objective for the company from $44.55 to $52.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of Toll Brothers in a research report on Thursday, August 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research report on Monday, September 25th. Finally, UBS AG began coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.93.
In other Toll Brothers news, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $41.45, for a total value of $82,900.00. Following the completion of the sale, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,443,952.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 approximately $1,643,974.20. The disclosure for this sale can be found here. Insiders sold a total of 52,187 shares of company stock valued at $2,184,490 in the last quarter. Corporate insiders own 8.78% of the company’s stock.
Shares of Toll Brothers Inc. (TOL) traded up $0.94 during trading on Tuesday, reaching $44.84. 2,186,203 shares of the company’s stock traded hands, compared to its average volume of 1,790,000. Toll Brothers Inc. has a twelve month low of $26.65 and a twelve month high of $46.63. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. The firm has a market cap of $7,170.00, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.94 and a beta of 1.55.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s revenue was up 18.3% on a year-over-year basis. equities analysts forecast that Toll Brothers Inc. will post 3.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, October 12th. Toll Brothers’s dividend payout ratio (DPR) is 11.94%.
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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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