Systematic Financial Management LP Has $20.29 Million Stake in Toll Brothers (TOL)

Systematic Financial Management LP increased its stake in Toll Brothers (NYSE:TOL) by 74.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469,172 shares of the construction company’s stock after acquiring an additional 200,409 shares during the period. Systematic Financial Management LP’s holdings in Toll Brothers were worth $20,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TOL. Bank of Montreal Can raised its stake in shares of Toll Brothers by 22.7% in the fourth quarter. Bank of Montreal Can now owns 522,645 shares of the construction company’s stock valued at $25,097,000 after acquiring an additional 96,774 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Toll Brothers by 6.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 672,523 shares of the construction company’s stock valued at $32,295,000 after acquiring an additional 41,999 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Toll Brothers by 350,599.2% in the fourth quarter. Acadian Asset Management LLC now owns 448,895 shares of the construction company’s stock valued at $21,556,000 after acquiring an additional 448,767 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $479,000. Finally, Bowling Portfolio Management LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $3,716,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Several equities analysts recently commented on TOL shares. 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 report on Tuesday, February 6th. ValuEngine raised Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Credit Suisse Group set a $53.00 target price on Toll Brothers and gave the company a “hold” rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 target price on shares of Toll Brothers in a report on Wednesday, January 24th. Finally, Mizuho set a $54.00 target price on Toll Brothers and gave the company a “buy” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $50.56.

Shares of Toll Brothers opened at $43.16 on Monday, MarketBeat Ratings reports. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.74 and a beta of 1.39. Toll Brothers has a 1 year low of $36.55 and a 1 year high of $52.73. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 7.31.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. analysts predict that Toll Brothers will post 4.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were issued a dividend of $0.11 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, April 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.02%. Toll Brothers’s dividend payout ratio (DPR) is presently 13.88%.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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

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