Curat Global LLC Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Curat Global LLC purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 800 shares of the construction company’s stock, valued at approximately $84,000.

Other large investors have also made changes to their positions in the company. Lecap Asset Management Ltd. increased its holdings in shares of Toll Brothers by 721.8% in the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock valued at $2,087,000 after purchasing an additional 14,551 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Toll Brothers by 66.7% in the 4th quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock valued at $666,000 after purchasing an additional 2,116 shares in the last quarter. OMC Financial Services LTD purchased a new position in shares of Toll Brothers in the 4th quarter valued at about $2,330,000. Focus Financial Network Inc. purchased a new position in shares of Toll Brothers in the 4th quarter valued at about $351,000. Finally, Blue Trust Inc. increased its holdings in shares of Toll Brothers by 136.3% in the 4th quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock valued at $105,000 after purchasing an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $107.39 on Friday. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The stock has a market capitalization of $10.73 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.02 and a beta of 1.45. The firm’s 50-day moving average is $101.16 and its two-hundred day moving average is $118.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company earned $3.38 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.42%.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of Toll Brothers from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Oppenheimer dropped their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. The Goldman Sachs Group dropped their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.08.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.