Patten & Patten Inc. TN raised its position in shares of Toll Brothers Inc. (NYSE:TOL) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,895 shares of the construction company’s stock after buying an additional 2,000 shares during the period. Patten & Patten Inc. TN’s holdings in Toll Brothers were worth $628,000 at the end of the most recent reporting period.
Several other large investors have also 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 during 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 during the last quarter. Capital Growth Management LP boosted 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 worth $106,524,000 after buying an additional 1,550,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Toll Brothers during the fourth quarter valued at $47,099,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Toll Brothers during the first quarter valued at $46,928,000. Institutional investors own 80.32% of the company’s stock.
Shares of Toll Brothers Inc. (NYSE TOL) opened at 39.08 on Tuesday. The company’s 50 day moving average is $39.48 and its 200-day moving average is $36.73. Toll Brothers Inc. has a 52 week low of $26.65 and a 52 week high of $41.07. The stock has a market capitalization of $6.39 billion, a PE ratio of 16.12 and a beta of 1.52.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $0.51 EPS. Toll Brothers’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers Inc. will post $3.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. Toll Brothers’s payout ratio is 13.17%.
COPYRIGHT VIOLATION NOTICE: This piece was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/15/patten-patten-inc-tn-has-628000-position-in-toll-brothers-inc-nysetol-updated-updated-updated.html.
Several brokerages recently weighed in on TOL. Barclays PLC cut shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a research note on Tuesday, July 11th. Mizuho restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. BidaskClub upgraded shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Toll Brothers from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Toll Brothers currently has an average rating of “Buy” and a consensus price target of $39.67.
In related news, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction on Friday, July 7th. The shares were sold at an average price of $40.45, for a total value of $80,900.00. Following the sale, the chief financial officer now owns 34,836 shares of the company’s stock, valued at approximately $1,409,116.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert I. Toll sold 1,967 shares of Toll Brothers stock in a transaction on Friday, May 19th. The shares were sold at an average price of $38.00, for a total transaction of $74,746.00. Following the completion of the sale, the insider now directly owns 7,420,317 shares in the company, valued at approximately $281,972,046. The disclosure for this sale can be found here. Insiders have sold a total of 405,500 shares of company stock worth $15,531,221 in the last ninety days. Corporate insiders own 8.78% of the company’s stock.
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.
Receive News & Ratings for Toll Brothers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
