TCW Group Inc. decreased its position in shares of Toll Brothers Inc (NYSE:TOL) by 32.7% in the 4th quarter, HoldingsChannel reports. The fund owned 543,977 shares of the construction company’s stock after selling 264,407 shares during the period. TCW Group Inc.’s holdings in Toll Brothers were worth $26,122,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Toll Brothers by 134.8% during the third quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after acquiring an additional 4,132,120 shares in the last quarter. Greenhaven Associates Inc. increased its holdings in shares of Toll Brothers by 1.1% during the third quarter. Greenhaven Associates Inc. now owns 4,075,852 shares of the construction company’s stock valued at $169,026,000 after acquiring an additional 45,886 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Toll Brothers by 19.8% during the third quarter. Prudential Financial Inc. now owns 1,717,119 shares of the construction company’s stock valued at $71,209,000 after acquiring an additional 283,578 shares in the last quarter. Hedge funds and other institutional investors own 84.57% of the company’s stock.
Toll Brothers Inc (NYSE TOL) opened at $47.40 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. Toll Brothers Inc has a 1 year low of $31.05 and a 1 year high of $52.73. The firm has a market capitalization of $7,236.14, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were given a $0.08 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.32 annualized dividend and a yield of 0.68%. Toll Brothers’s dividend payout ratio is currently 10.03%.
In other Toll Brothers news, Director Richard J. Braemer sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $46.55, for a total value of $931,000.00. Following the transaction, the director now owns 82,873 shares of the company’s stock, valued at $3,857,738.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Joseph R. Sicree sold 4,500 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.48, for a total value of $231,660.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,197 shares in the company, valued at approximately $1,245,661.56. The disclosure for this sale can be found here. In the last three months, insiders sold 115,950 shares of company stock worth $5,841,012. Insiders own 9.01% of the company’s stock.
Several research firms have recently commented on TOL. MKM Partners boosted their price objective on Toll Brothers to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. UBS Group started coverage on Toll Brothers in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price on the stock. Mizuho set a $58.00 target price on Toll Brothers and gave the company a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, February 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $52.00 target price (up previously from $43.00) on shares of Toll Brothers in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $51.19.
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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