Holocene Advisors LP Has $142.63 Million Stake in Toll Brothers Inc. $TOL

Holocene Advisors LP lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 150.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,249,722 shares of the construction company’s stock after buying an additional 751,255 shares during the period. Holocene Advisors LP owned about 1.27% of Toll Brothers worth $142,631,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TOL. Farther Finance Advisors LLC lifted its stake in Toll Brothers by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock valued at $169,000 after acquiring an additional 90 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Old Port Advisors raised its holdings in shares of Toll Brothers by 4.5% in the second quarter. Old Port Advisors now owns 2,165 shares of the construction company’s stock valued at $247,000 after purchasing an additional 94 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in shares of Toll Brothers by 4.0% in the second quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company’s stock worth $294,000 after purchasing an additional 100 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in Toll Brothers by 4.5% during the second quarter. Fidelis Capital Partners LLC now owns 2,502 shares of the construction company’s stock worth $315,000 after purchasing an additional 107 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. UBS Group reduced their price objective on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America lowered their target price on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Argus increased their price target on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.36.

Toll Brothers Trading Down 0.5%

Shares of NYSE:TOL opened at $139.13 on Friday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $149.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 4.38. The company has a market capitalization of $13.41 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a 50-day simple moving average of $134.80 and a 200 day simple moving average of $128.41.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company earned $4.63 EPS. Toll Brothers’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.37%.

Toll Brothers Profile

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.