Systematic Financial Management LP Reduces Position in Toll Brothers Inc (TOL)

Systematic Financial Management LP decreased its stake in Toll Brothers Inc (NYSE:TOL) by 79.3% in the 4th quarter, Holdings Channel reports. The firm owned 268,763 shares of the construction company’s stock after selling 1,030,784 shares during the quarter. Systematic Financial Management LP’s holdings in Toll Brothers were worth $12,906,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Capital Growth Management LP raised its stake in shares of Toll Brothers by 410.5% during the fourth quarter. Capital Growth Management LP now owns 970,000 shares of the construction company’s stock valued at $46,579,000 after acquiring an additional 780,000 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Toll Brothers by 21.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 551,486 shares of the construction company’s stock valued at $26,482,000 after acquiring an additional 95,660 shares during the last quarter. BlackRock Inc. raised its stake in shares of Toll Brothers by 1.1% during the fourth quarter. BlackRock Inc. now owns 17,225,132 shares of the construction company’s stock valued at $827,150,000 after acquiring an additional 187,123 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of Toll Brothers during the fourth quarter valued at $382,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Toll Brothers by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,183,617 shares of the construction company’s stock valued at $152,877,000 after acquiring an additional 55,276 shares during the last quarter. 84.57% of the stock is owned by institutional investors and hedge funds.

Shares of Toll Brothers Inc (TOL) opened at $46.68 on Thursday. Toll Brothers Inc has a 12-month low of $33.42 and a 12-month high of $52.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The firm has a market cap of $7,191.56, a price-to-earnings ratio of 14.66, a PEG ratio of 0.84 and a beta of 1.38.

Toll Brothers (NYSE:TOL) last posted 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 return on equity of 12.00% and a net margin of 9.21%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. research analysts anticipate that Toll Brothers Inc will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 10.03%.

Several equities analysts have recently issued reports on TOL shares. UBS Group started coverage on shares of Toll Brothers in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target for the company. KeyCorp raised shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and raised their price target for the company from $44.55 to $52.00 in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research note on Wednesday, November 15th. MKM Partners raised their price target on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, ValuEngine downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.19.

In other news, Director Paul E. Shapiro sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $51.54, for a total transaction of $1,288,500.00. Following the completion of the sale, the director now directly owns 131,493 shares in the company, valued at $6,777,149.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Joseph R. Sicree sold 4,500 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.48, for a total transaction of $231,660.00. Following the sale, the chief accounting officer now owns 24,197 shares of the company’s stock, valued at $1,245,661.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,950 shares of company stock valued at $5,841,012. 8.78% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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