Trinity Street Asset Management LLP Reduces Position in Toll Brothers Inc (TOL)
Trinity Street Asset Management LLP reduced its position in shares of Toll Brothers Inc (NYSE:TOL) by 42.5% in the 4th quarter, Holdings Channel reports. The firm owned 650,819 shares of the construction company’s stock after selling 481,512 shares during the quarter. Toll Brothers comprises approximately 4.1% of Trinity Street Asset Management LLP’s portfolio, making the stock its 15th biggest holding. Trinity Street Asset Management LLP’s holdings in Toll Brothers were worth $31,252,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares during the period. Veritable L.P. increased its stake in shares of Toll Brothers by 0.9% in the 2nd quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock valued at $1,060,000 after purchasing an additional 237 shares during the last quarter. ETRADE Capital Management LLC increased its stake in shares of Toll Brothers by 3.1% in the 2nd quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock valued at $485,000 after purchasing an additional 365 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Toll Brothers by 1.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 44,280 shares of the construction company’s stock valued at $1,750,000 after purchasing an additional 698 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Toll Brothers by 5.6% in the 2nd quarter. M&T Bank Corp now owns 14,389 shares of the construction company’s stock valued at $569,000 after purchasing an additional 765 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Monday, September 25th. Wedbush lifted their price target on Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price target on shares of Toll Brothers in a research note on Sunday, October 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.63.
In other Toll Brothers news, CAO Joseph R. Sicree sold 4,500 shares of Toll Brothers stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.48, for a total transaction of $231,660.00. Following the transaction, the chief accounting officer now directly owns 24,197 shares of the company’s stock, valued at approximately $1,245,661.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Richard T. Hartman sold 20,000 shares of Toll Brothers stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,037 shares of company stock worth $5,043,132. 8.78% of the stock is currently owned by company insiders.
Toll Brothers Inc (TOL) traded down $0.23 during midday trading on Tuesday, hitting $51.58. The company had a trading volume of 1,188,600 shares, compared to its average volume of 2,236,844. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. Toll Brothers Inc has a 12 month low of $30.67 and a 12 month high of $52.40. The firm has a market cap of $8,160.00, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 0.98 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.67 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. equities research analysts anticipate that Toll Brothers Inc will post 3.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is 10.06%.
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Toll Brothers 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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