Teachers Advisors LLC increased its holdings in Toll Brothers Inc (NYSE:TOL) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,383 shares of the construction company’s stock after acquiring an additional 2,499 shares during the quarter. Teachers Advisors LLC owned about 0.12% of Toll Brothers worth $5,562,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Maltese Capital Management LLC bought a new stake in Toll Brothers in the 3rd quarter worth about $1,817,000. Macquarie Group Ltd. lifted its position in shares of Toll Brothers by 28.8% during the 3rd quarter. Macquarie Group Ltd. now owns 219,228 shares of the construction company’s stock valued at $7,241,000 after buying an additional 49,055 shares in the last quarter. Luminus Management LLC purchased a new position in shares of Toll Brothers during the 3rd quarter valued at about $4,955,000. Worldquant Millennium Quantitative Strategies LLC lifted its position in shares of Toll Brothers by 3.5% during the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 194,580 shares of the construction company’s stock valued at $6,427,000 after buying an additional 6,513 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Toll Brothers by 577.7% during the 3rd quarter. Verition Fund Management LLC now owns 111,388 shares of the construction company’s stock valued at $3,679,000 after buying an additional 94,951 shares in the last quarter. 84.91% of the stock is owned by institutional investors.
In related news, Director Carl B. Marbach sold 3,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $34.96, for a total transaction of $104,880.00. Following the completion of the transaction, the director now owns 86,249 shares in the company, valued at approximately $3,015,265.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 5,539 shares of the business’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $32.18, for a total value of $178,245.02. Following the transaction, the director now owns 108,916 shares of the company’s stock, valued at approximately $3,504,916.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,039 shares of company stock valued at $535,050. 9.01% of the stock is owned by company insiders.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, December 4th. The construction company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.25. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.35 billion. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. On average, equities analysts expect that Toll Brothers Inc will post 4.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Friday, January 11th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 10th. Toll Brothers’s payout ratio is currently 9.34%.
TOL has been the topic of a number of research analyst reports. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine raised Toll Brothers from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 5th. Buckingham Research initiated coverage on Toll Brothers in a report on Friday, January 11th. They issued a “neutral” rating on the stock. Barclays lowered their price target on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday, December 3rd. Finally, Deutsche Bank cut Toll Brothers from a “buy” rating to a “hold” rating and lowered their price target for the stock from $51.00 to $29.00 in a report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Toll Brothers has an average rating of “Hold” and an average target price of $42.93.
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About Toll Brothers
Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the Traditional Home Building and City Living segments. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.
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