CIBC World Markets Inc. purchased a new position in Toll Brothers Inc (NYSE:TOL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,404 shares of the construction company’s stock, valued at approximately $260,000.
Several other large investors have also bought and sold shares of TOL. QS Investors LLC grew its stake in shares of Toll Brothers by 62.9% in the second quarter. QS Investors LLC now owns 8,092 shares of the construction company’s stock worth $320,000 after acquiring an additional 3,126 shares in the last quarter. AHL Partners LLP acquired a new position in shares of Toll Brothers in the second quarter worth $282,000. Macquarie Group Ltd. grew its stake in shares of Toll Brothers by 1,256.3% in the second quarter. Macquarie Group Ltd. now owns 36,620 shares of the construction company’s stock worth $1,445,000 after acquiring an additional 33,920 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Toll Brothers by 75.1% in the second quarter. Janus Henderson Group PLC now owns 38,235 shares of the construction company’s stock worth $1,511,000 after acquiring an additional 16,400 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Toll Brothers by 0.9% in the second quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock worth $247,263,000 after acquiring an additional 53,781 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.
In related news, President Richard T. Hartman sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total value of $940,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 16,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $50.82, for a total transaction of $813,120.00. Following the completion of the sale, the director now directly owns 17,057 shares of the company’s stock, valued at $866,836.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,950 shares of company stock valued at $6,781,012. 8.78% of the stock is owned by corporate insiders.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the firm earned $0.67 earnings per share. Toll Brothers’s revenue was up 9.3% on a year-over-year basis. equities analysts predict that Toll Brothers Inc will post 4.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. Toll Brothers’s dividend payout ratio (DPR) is presently 10.06%.
TOL has been the subject of several research reports. KeyCorp upgraded shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and boosted their price target for the stock from $44.55 to $52.00 in a research note on Thursday, November 2nd. They noted that the move was a valuation call. UBS Group initiated coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. Wedbush reaffirmed a “neutral” rating and set a $40.00 price objective (down from $45.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Finally, ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $51.19.
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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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