BigSur Wealth Management LLC Has $397,000 Holdings in Toll Brothers Inc. (TOL)
BigSur Wealth Management LLC continued to hold its stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the construction company’s stock at the close of the 2nd quarter. BigSur Wealth Management LLC’s holdings in Toll Brothers were worth $397,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in TOL. BlackRock Inc. boosted its position in Toll Brothers by 1.8% during the second quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock valued at $664,216,000 after purchasing an additional 291,112 shares during the last quarter. Vanguard Group Inc. grew its stake in Toll Brothers by 2.6% in the second quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock valued at $495,464,000 after purchasing an additional 323,334 shares in the last quarter. FMR LLC grew its stake in Toll Brothers by 13.4% in the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock valued at $357,278,000 after purchasing an additional 1,067,193 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Toll Brothers by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,275,515 shares of the construction company’s stock valued at $208,429,000 after purchasing an additional 13,552 shares in the last quarter. Finally, Capital Growth Management LP grew its stake in Toll Brothers by 110.7% in the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock valued at $106,524,000 after purchasing an additional 1,550,000 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
In related news, Director Richard J. Braemer sold 7,500 shares of Toll Brothers stock in a transaction dated Tuesday, August 29th. The stock was 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 $4,180,929.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl B. Marbach sold 12,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now directly owns 114,149 shares in the company, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,555 shares of company stock worth $1,129,381. 8.78% of the stock is owned by corporate insiders.
Several equities research analysts have recently issued reports on TOL shares. Mizuho reiterated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. Barclays PLC cut Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target for the company. in a research note on Tuesday, July 11th. BidaskClub upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. KeyCorp restated a “hold” rating on shares of Toll Brothers in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co lowered 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, nine have given a hold rating and eight have given a buy rating to the company’s stock. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $40.67.
Shares of Toll Brothers Inc. (NYSE:TOL) traded up 1.17% on Wednesday, reaching $42.42. 576,715 shares of the company traded hands. Toll Brothers Inc. has a 52-week low of $26.65 and a 52-week high of $42.52. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 15.81 and a beta of 1.50. The stock has a 50 day moving average of $39.31 and a 200 day moving average of $38.21.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (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 return on equity of 10.44% and a net margin of 8.12%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, analysts expect that Toll Brothers Inc. will post $3.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.76%. Toll Brothers’s dividend payout ratio is presently 11.90%.
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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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