Dynamic Technology Lab Private Ltd Acquires New Stake in Toll Brothers Inc. (TOL)
Dynamic Technology Lab Private Ltd acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,520 shares of the construction company’s stock, valued at approximately $1,009,000.
A number of other hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC purchased a new stake in shares of Toll Brothers during the second quarter valued at $101,000. Advisors Asset Management Inc. boosted its stake in shares of Toll Brothers by 61.6% during the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,017 shares during the period. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 369.1% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after purchasing an additional 2,152 shares during the period. US Bancorp DE boosted its stake in shares of Toll Brothers by 1.8% during the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after purchasing an additional 49 shares during the period. Finally, Aviance Capital Management LLC purchased a new stake in shares of Toll Brothers during the second quarter valued at $151,000. Institutional investors and hedge funds own 80.69% of the company’s stock.
Toll Brothers Inc. (NYSE:TOL) traded up 0.200% during mid-day trading on Monday, hitting $42.565. 207,971 shares of the company’s stock traded hands. The stock has a market cap of $6.74 billion, a PE ratio of 15.865 and a beta of 1.50. The firm’s 50-day moving average price is $40.41 and its 200-day moving average price is $38.60. Toll Brothers Inc. has a one year low of $26.65 and a one year high of $43.20.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, analysts forecast that Toll Brothers Inc. will post $3.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, October 12th. Toll Brothers’s payout ratio is 11.90%.
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TOL has been the subject of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. BidaskClub lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Barclays PLC lowered shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 target price for the company. in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 target price on shares of Toll Brothers in a research note on Thursday, August 24th. Finally, Mizuho reissued a “buy” rating on shares of Toll Brothers in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.00.
In related news, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $41.45, for a total transaction of $82,900.00. Following the completion of the sale, the chief financial officer now owns 34,836 shares in the company, valued at $1,443,952.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl B. Marbach sold 12,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the sale, the director now owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,400 shares of company stock valued at $882,613. 8.78% of the stock is owned by company insiders.
About Toll Brothers
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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