State of Alaska Department of Revenue acquired a new stake in shares of Toll Brothers Inc (NYSE:TOL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the construction company’s stock, valued at approximately $479,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. Teachers Advisors LLC grew its position in Toll Brothers by 0.5% in the second quarter. Teachers Advisors LLC now owns 166,624 shares of the construction company’s stock valued at $6,583,000 after acquiring an additional 905 shares during the period. M&T Bank Corp boosted its stake in Toll Brothers by 5.6% in the second quarter. M&T Bank Corp now owns 14,389 shares of the construction company’s stock worth $569,000 after purchasing an additional 765 shares in the last quarter. Advisor Group Inc. boosted its stake in Toll Brothers by 11.2% in the second quarter. Advisor Group Inc. now owns 10,715 shares of the construction company’s stock worth $423,000 after purchasing an additional 1,082 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Toll Brothers by 6.3% in the second quarter. Parametric Portfolio Associates LLC now owns 253,808 shares of the construction company’s stock worth $10,028,000 after purchasing an additional 15,050 shares in the last quarter. Finally, QS Investors LLC boosted its stake in 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 purchasing an additional 3,126 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.
In other news, Director Christine Garvey sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $50.82, for a total value of $813,120.00. Following the completion of the transaction, the director now directly owns 17,057 shares of the company’s stock, valued at $866,836.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard J. Braemer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the transaction, the director now directly owns 82,873 shares of the company’s stock, valued at $3,857,738.15. The disclosure for this sale can be found here. Insiders have sold a total of 135,950 shares of company stock worth $6,781,012 over the last ninety days. Company insiders own 8.78% of the company’s stock.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.67 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. equities analysts expect that Toll Brothers Inc will post 4.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s payout ratio is presently 10.03%.
TOL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 price objective on shares of Toll Brothers in a report on Wednesday, January 24th. ValuEngine upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, February 6th. Wedbush reiterated a “neutral” rating and set a $40.00 price objective (down from $45.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Finally, Mizuho set a $52.00 price objective on Toll Brothers and gave the stock a “buy” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $51.19.
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Toll Brothers 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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