Aperio Group LLC Raises Position in Toll Brothers Inc. (TOL)
Aperio Group LLC boosted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 46,157 shares of the construction company’s stock after buying an additional 1,615 shares during the period. Aperio Group LLC’s holdings in Toll Brothers were worth $1,824,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TOL. BlackRock Inc. raised its position in shares of Toll Brothers by 7,882.3% in the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock worth $596,546,000 after buying an additional 16,313,307 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Toll Brothers by 7.2% in the first quarter. Vanguard Group Inc. now owns 12,216,855 shares of the construction company’s stock worth $441,150,000 after buying an additional 815,737 shares during the last quarter. FMR LLC raised its position in shares of Toll Brothers by 34.9% in the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock worth $287,997,000 after buying an additional 2,065,250 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Toll Brothers by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 5,261,963 shares of the construction company’s stock worth $190,012,000 after buying an additional 396,190 shares during the last quarter. Finally, Greenhaven Associates Inc. raised its position in shares of Toll Brothers by 3.7% in the first quarter. Greenhaven Associates Inc. now owns 4,043,304 shares of the construction company’s stock worth $146,004,000 after buying an additional 142,603 shares during the last quarter. Institutional investors own 80.44% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) traded down 2.12% on Thursday, hitting $38.82. The stock had a trading volume of 429,914 shares. Toll Brothers Inc. has a one year low of $26.65 and a one year high of $41.07. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 16.01 and a beta of 1.52. The stock’s 50 day moving average is $39.50 and its 200 day moving average is $36.56.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Analysts anticipate that Toll Brothers Inc. will post $3.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, July 12th. Toll Brothers’s payout ratio is currently 13.17%.
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TOL has been the topic of a number of research reports. Bank of America Corporation restated a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Toll Brothers in a report on Wednesday, May 24th. BidaskClub lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Barclays PLC lowered Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a report on Tuesday, July 11th. Wedbush set a $37.00 price objective on Toll Brothers and gave the company a “hold” rating in a report on Friday, May 19th. Finally, Mizuho restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $39.67.
In related news, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $40.45, for a total transaction of $80,900.00. Following the sale, the chief financial officer now owns 34,836 shares of the company’s stock, valued at $1,409,116.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert I. Toll sold 273,033 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $38.00, for a total value of $10,375,254.00. Following the sale, the insider now directly owns 7,420,317 shares in the company, valued at approximately $281,972,046. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 405,500 shares of company stock worth $15,531,221. Corporate 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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