Toll Brothers Inc. (TOL) Holdings Trimmed by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lessened its holdings in Toll Brothers Inc. (NYSE:TOL) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,140 shares of the construction company’s stock after selling 1,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Toll Brothers were worth $1,151,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. NewSquare Capital LLC acquired a new stake in Toll Brothers in the second quarter worth about $101,000. Advisors Asset Management Inc. boosted its holdings in Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after acquiring an additional 1,017 shares in the last quarter. IFP Advisors Inc boosted its holdings in Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after acquiring an additional 2,152 shares in the last quarter. US Bancorp DE boosted its holdings in Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after acquiring an additional 49 shares in the last quarter. Finally, Kistler Tiffany Companies LLC acquired a new stake in Toll Brothers in the second quarter worth about $158,000. 80.69% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price target on shares of Toll Brothers in a report on Sunday. Mizuho reissued a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. Barclays PLC downgraded Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target for the company. in a report on Tuesday, July 11th. BidaskClub raised Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, KeyCorp reissued a “hold” rating on shares of Toll Brothers in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Toll Brothers presently has a consensus rating of “Hold” and an average target price of $40.67.
Toll Brothers Inc. (NYSE TOL) opened at 42.71 on Monday. Toll Brothers Inc. has a 12 month low of $26.65 and a 12 month high of $42.80. The company’s 50-day moving average price is $39.59 and its 200 day moving average price is $38.32. The stock has a market capitalization of $6.76 billion, a PE ratio of 15.92 and a beta of 1.50.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts forecast that Toll Brothers Inc. will post $3.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. Toll Brothers’s payout ratio is 11.90%.
In other Toll Brothers news, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total transaction of $515,613.00. Following the completion of the sale, the director now directly owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard J. Braemer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total value of $284,100.00. Following the sale, the director now directly owns 110,373 shares of the company’s stock, valued at $4,180,929.24. The disclosure for this sale can be found here. Insiders have sold a total of 22,400 shares of company stock valued at $882,613 over the last ninety days. 8.78% of the stock is owned by 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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