OxFORD Asset Management LLP bought a new stake in Toll Brothers Inc (NYSE:TOL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,546 shares of the construction company’s stock, valued at approximately $642,000.
Several other hedge funds have also recently made changes to their positions in the company. Brown Advisory Inc. boosted its stake in Toll Brothers by 43.7% during the 3rd quarter. Brown Advisory Inc. now owns 29,169 shares of the construction company’s stock valued at $1,209,000 after acquiring an additional 8,864 shares during the last quarter. BB&T Securities LLC bought a new position in Toll Brothers during the 3rd quarter valued at $231,000. Schwab Charles Investment Management Inc. boosted its stake in Toll Brothers by 11.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 630,524 shares of the construction company’s stock valued at $26,148,000 after acquiring an additional 62,291 shares during the last quarter. Barings LLC boosted its stake in Toll Brothers by 63.9% during the 3rd quarter. Barings LLC now owns 24,100 shares of the construction company’s stock valued at $999,000 after acquiring an additional 9,400 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in Toll Brothers by 22.3% during the 3rd quarter. WINTON GROUP Ltd now owns 84,939 shares of the construction company’s stock valued at $3,522,000 after acquiring an additional 15,471 shares during the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.
A number of research analysts have commented on the stock. MKM Partners increased their price objective on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Royal Bank of Canada reissued a “buy” rating and set a $45.00 target price on shares of Toll Brothers in a report on Monday, September 25th. UBS Group assumed coverage on shares of Toll Brothers in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $47.00 target price on shares of Toll Brothers in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.19.
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 Zacks’ 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 during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.67 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. analysts expect that Toll Brothers Inc will post 3.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is presently 10.03%.
In other Toll Brothers news, Director Paul E. Shapiro sold 16,250 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $42.58, for a total transaction of $691,925.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Richard T. Hartman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total transaction of $940,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,787 shares of company stock worth $3,255,777. Corporate insiders own 8.78% of the company’s stock.
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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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