Mn Services Vermogensbeheer B.V. increased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 505.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,087 shares of the construction company’s stock after buying an additional 20,941 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Toll Brothers were worth $991,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in TOL. BlackRock Inc. boosted its stake in Toll Brothers by 7,882.3% in the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock worth $596,546,000 after buying an additional 16,313,307 shares in the last quarter. Vanguard Group Inc. boosted its stake in Toll Brothers by 7.2% in the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock worth $441,150,000 after buying an additional 815,737 shares in the last quarter. FMR LLC boosted its stake in Toll Brothers by 34.9% in the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock worth $287,997,000 after buying an additional 2,065,250 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Toll Brothers by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,261,963 shares of the construction company’s stock worth $190,012,000 after buying an additional 396,190 shares in the last quarter. Finally, Greenhaven Associates Inc. boosted its stake in Toll Brothers by 3.7% in the first quarter. Greenhaven Associates Inc. now owns 4,043,304 shares of the construction company’s stock worth $146,004,000 after buying an additional 142,603 shares in the last quarter. 80.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Toll Brothers Inc. (TOL) opened at 39.84 on Wednesday. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 16.43 and a beta of 1.52. The company has a 50-day moving average of $39.35 and a 200 day moving average of $36.26. Toll Brothers Inc. has a one year low of $26.65 and a one year high of $41.07.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.10. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts forecast that Toll Brothers Inc. will post $3.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.32 annualized dividend and a yield of 0.80%. Toll Brothers’s dividend payout ratio (DPR) is presently 13.17%.
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TOL has been the topic of a number of research reports. Bank of America Corporation restated a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Toll Brothers in a report on Wednesday, May 24th. BidaskClub lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Barclays PLC lowered Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a report on Tuesday, July 11th. Wedbush set a $37.00 price objective on Toll Brothers and gave the company a “hold” rating in a report on Friday, May 19th. Finally, Mizuho restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.67.
In other news, CEO Douglas C. Jr. Yearley sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $38.50, for a total value of $385,000.00. Following the transaction, the chief executive officer now directly owns 186,372 shares in the company, valued at approximately $7,175,322. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $40.45, for a total value of $80,900.00. Following the completion of the sale, the chief financial officer now owns 34,836 shares of the company’s stock, valued at approximately $1,409,116.20. The disclosure for this sale can be found here. Insiders have sold 405,500 shares of company stock worth $15,531,221 over the last quarter. 8.78% of the stock is currently owned by company 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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