Price Capital Management Inc. Purchases New Holdings in Toll Brothers Inc (TOL)

Price Capital Management Inc. purchased a new stake in Toll Brothers Inc (NYSE:TOL) in the 4th quarter, HoldingsChannel reports. The fund purchased 36,987 shares of the construction company’s stock, valued at approximately $1,776,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOL. JPMorgan Chase & Co. increased its holdings in Toll Brothers by 134.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after purchasing an additional 4,132,120 shares in the last quarter. Koch Industries Inc. acquired a new stake in Toll Brothers in the 2nd quarter valued at $1,177,000. Bank of New York Mellon Corp increased its holdings in Toll Brothers by 56.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,128,341 shares of the construction company’s stock valued at $129,732,000 after purchasing an additional 1,124,409 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Toll Brothers in the 3rd quarter valued at $36,566,000. Finally, Acadian Asset Management LLC increased its holdings in Toll Brothers by 350,599.2% in the 4th quarter. Acadian Asset Management LLC now owns 448,895 shares of the construction company’s stock valued at $21,556,000 after purchasing an additional 448,767 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Several brokerages recently issued reports on TOL. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 price target 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. Mizuho set a $58.00 price target on Toll Brothers and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $56.00 price target (up from $45.00) on shares of Toll Brothers in a report on Monday, January 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $51.19.

In related news, CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total value of $520,800.00. Following the completion of the transaction, the chief executive officer now directly owns 211,785 shares in the company, valued at $11,029,762.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 12,000 shares of Toll Brothers stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $51.83, for a total value of $621,960.00. Following the completion of the transaction, the chief financial officer now owns 55,357 shares of the company’s stock, valued at $2,869,153.31. The disclosure for this sale can be found here. Insiders sold 135,950 shares of company stock valued at $6,781,012 over the last quarter. Insiders own 8.78% of the company’s stock.

Shares of Toll Brothers Inc (NYSE:TOL) opened at $43.75 on Friday. 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 capitalization of $7,077.80, a PE ratio of 14.43, a PEG ratio of 0.85 and a beta of 1.38. Toll Brothers Inc has a 52 week low of $30.67 and a 52 week high of $52.73.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. sell-side analysts predict that Toll Brothers Inc will post 3.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. Toll Brothers’s dividend payout ratio is presently 10.03%.

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About Toll Brothers

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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