Lebenthal Lisanti Capital Growth LLC Invests $793,000 in Toll Brothers Inc. (TOL)
Lebenthal Lisanti Capital Growth LLC bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 20,070 shares of the construction company’s stock, valued at approximately $793,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. US Bancorp DE boosted its position in Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after buying an additional 49 shares during the last quarter. Macquarie Group Ltd. boosted its position in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock worth $102,000 after buying an additional 500 shares during the last quarter. Advisory Services Network LLC acquired a new position in Toll Brothers during the first quarter worth about $114,000. Toronto Dominion Bank boosted its position in Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock worth $134,000 after buying an additional 339 shares during the last quarter. Finally, Navellier & Associates Inc acquired a new position in Toll Brothers during the first quarter worth about $208,000. 80.20% of the stock is owned by hedge funds and other institutional investors.
Toll Brothers Inc. (TOL) opened at 39.73 on Friday. The firm has a market capitalization of $6.50 billion, a PE ratio of 16.38 and a beta of 1.52. The company’s 50-day moving average price is $39.35 and its 200 day moving average price is $36.26. Toll Brothers Inc. has a 12 month low of $26.65 and a 12 month high of $41.07.
Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities research analysts predict that Toll Brothers Inc. will post $3.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. Toll Brothers’s dividend payout ratio (DPR) is currently 13.17%.
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TOL has been the subject of a number of research analyst reports. Zelman & Associates raised Toll Brothers from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th. Mizuho initiated coverage on Toll Brothers in a research report on Tuesday, May 16th. They set a “buy” rating and a $44.00 price objective for the company. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, April 25th. BidaskClub raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Citigroup Inc. upped their price objective on Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.33.
In other Toll Brothers news, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $40.45, for a total transaction of $80,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,409,116.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 4,155 shares of Toll Brothers stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $39.92, for a total value of $165,867.60. Following the transaction, the chief executive officer now owns 176,372 shares of the company’s stock, valued at approximately $7,040,770.24. The disclosure for this sale can be found here. Insiders have sold a total of 405,500 shares of company stock valued at $15,531,221 in the last quarter. Company insiders own 8.78% of the company’s stock.
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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