Mn Services Vermogensbeheer B.V. boosted its position in Toll Brothers Inc. (NYSE:TOL) by 505.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Emerald Advisers Inc. PA increased its stake in shares of Toll Brothers by 0.8% in the first quarter. Emerald Advisers Inc. PA now owns 266,598 shares of the construction company’s stock worth $9,627,000 after buying an additional 2,044 shares during the period. ZWJ Investment Counsel Inc. purchased a new stake in shares of Toll Brothers during the first quarter worth about $300,000. Korea Investment CORP purchased a new stake in shares of Toll Brothers during the first quarter worth about $5,839,000. Oregon Public Employees Retirement Fund increased its stake in shares of Toll Brothers by 19.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 86,257 shares of the construction company’s stock worth $3,115,000 after buying an additional 13,900 shares during the period. Finally, US Bancorp DE increased its stake in shares of 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 buying an additional 49 shares during the period. 80.32% of the stock is currently owned by hedge funds and other institutional investors.
Toll Brothers Inc. (NYSE:TOL) opened at 39.70 on Thursday. Toll Brothers Inc. has a 1-year low of $26.65 and a 1-year high of $41.07. The stock has a market capitalization of $6.49 billion, a P/E ratio of 16.37 and a beta of 1.52. The stock has a 50 day moving average of $39.49 and a 200 day moving average of $36.80.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The company’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, analysts expect that Toll Brothers Inc. will post $3.15 earnings per share for the current 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is presently 13.17%.
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A number of analysts recently issued reports on TOL shares. Credit Suisse Group started coverage on shares of Toll Brothers in a report on Thursday, June 22nd. They set a “neutral” rating and a $39.00 price target on the stock. BidaskClub downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, August 8th. Barclays PLC downgraded shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a report on Tuesday, July 11th. Finally, Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Toll Brothers presently has a consensus rating of “Buy” and a consensus target price of $39.67.
In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 4,155 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $39.92, for a total value of $165,867.60. Following the completion of the sale, the chief executive officer now owns 176,372 shares of the company’s stock, valued at $7,040,770.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $40.45, for a total transaction of $80,900.00. Following the completion of the sale, the chief financial officer now directly 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. In the last three months, insiders have sold 405,500 shares of company stock valued at $15,531,221. 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.
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