BP PLC purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 119,000 shares of the construction company’s stock, valued at approximately $4,701,000. BP PLC owned 0.07% of Toll Brothers at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Algert Global LLC bought a new stake in Toll Brothers during the second quarter valued at approximately $2,228,000. Pictet Asset Management Ltd. boosted its stake in Toll Brothers by 5.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,421,947 shares of the construction company’s stock valued at $52,484,000 after buying an additional 75,099 shares in the last quarter. Davis R M Inc. boosted its stake in Toll Brothers by 3.5% in the second quarter. Davis R M Inc. now owns 507,821 shares of the construction company’s stock valued at $20,064,000 after buying an additional 17,386 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Toll Brothers by 90.9% in the second quarter. Retirement Systems of Alabama now owns 364,355 shares of the construction company’s stock valued at $14,396,000 after buying an additional 173,489 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after buying an additional 2,152 shares in the last quarter. 80.32% of the stock is owned by institutional investors.
Shares of Toll Brothers Inc. (TOL) opened at 38.15 on Friday. The stock’s 50 day moving average is $39.44 and its 200-day moving average is $36.86. The company has a market cap of $6.24 billion, a P/E ratio of 15.73 and a beta of 1.52. Toll Brothers Inc. has a one year low of $26.65 and a one year high of $41.07.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating 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 business 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. The company’s revenue was up 22.2% on a year-over-year basis. Equities research analysts forecast that Toll Brothers Inc. will post $3.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Wednesday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is currently 13.17%.
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TOL has been the topic of several analyst reports. 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 research report on Tuesday, August 8th. Royal Bank Of Canada boosted their price target on shares of Toll Brothers from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Bank of America Corporation reissued a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. Mizuho initiated coverage on shares of Toll Brothers in a research report on Tuesday, May 16th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Wedbush set a $37.00 price target on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Toll Brothers presently has an average rating of “Buy” and an average price target of $39.67.
In related news, CFO Martin P. Connor sold 2,000 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at $1,409,116.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert I. Toll sold 273,033 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $38.00, for a total transaction of $10,375,254.00. Following the completion of the transaction, the insider now directly owns 7,420,317 shares of the company’s stock, valued at $281,972,046. The disclosure for this sale can be found here. Over the last three months, insiders sold 403,533 shares of company stock valued at $15,456,475. 8.78% of the stock is currently owned by insiders.
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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