Korea Investment CORP Has $5.34 Million Position in Toll Brothers Inc. (TOL)

Korea Investment CORP reduced its holdings in Toll Brothers Inc. (NYSE:TOL) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,700 shares of the construction company’s stock after selling 15,300 shares during the period. Korea Investment CORP owned approximately 0.08% of Toll Brothers worth $5,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Asset Management Inc raised its holdings in Toll Brothers by 1.8% in the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock worth $398,000 after purchasing an additional 181 shares during the period. Toronto Dominion Bank raised its holdings in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares during the period. Veritable L.P. raised its holdings in Toll Brothers by 0.9% in the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after purchasing an additional 237 shares during the period. River Wealth Advisors LLC raised its holdings in Toll Brothers by 1.8% in the second quarter. River Wealth Advisors LLC now owns 19,770 shares of the construction company’s stock worth $781,000 after purchasing an additional 350 shares during the period. Finally, ETRADE Capital Management LLC raised its holdings in Toll Brothers by 3.1% in the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 80.78% of the company’s stock.

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In related news, President Richard T. Hartman sold 8,537 shares of Toll Brothers stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total transaction of $392,702.00. Following the sale, the president now directly owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of Toll Brothers stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total transaction of $284,100.00. Following the sale, the director now directly owns 110,373 shares in the company, valued at $4,180,929.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,187 shares of company stock worth $2,184,490. Insiders own 8.78% of the company’s stock.

Shares of Toll Brothers Inc. (NYSE:TOL) opened at $43.90 on Friday. The company has a current ratio of 6.75, a quick ratio of 1.10 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $7,162.95, a price-to-earnings ratio of 16.28, a PEG ratio of 0.94 and a beta of 1.55.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. equities research analysts expect that Toll Brothers Inc. will post 3.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, October 12th. Toll Brothers’s dividend payout ratio is currently 11.90%.

TOL has been the subject of several research reports. KeyCorp raised shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and increased their price objective for the stock from $44.55 to $52.00 in a research report on Thursday. They noted that the move was a valuation call. UBS Group AG (USA) 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. Keefe, Bruyette & Woods reissued a “hold” rating and set a $47.00 price objective on shares of Toll Brothers in a research report on Friday, October 20th. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Mizuho reaffirmed a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.93.

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

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