Fox Run Management L.L.C. Buys Shares of 31,104 Toll Brothers Inc (TOL)
Fox Run Management L.L.C. bought a new stake in shares of Toll Brothers Inc (NYSE:TOL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,104 shares of the construction company’s stock, valued at approximately $1,494,000. Toll Brothers makes up approximately 0.4% of Fox Run Management L.L.C.’s holdings, making the stock its 10th largest holding.
Other large investors have also made changes to their positions in the company. Aviance Capital Management LLC acquired a new position in Toll Brothers during the 2nd quarter valued at about $151,000. Toronto Dominion Bank increased its position in Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after buying an additional 192 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Toll Brothers by 381.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock valued at $168,000 after buying an additional 3,361 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in Toll Brothers during the 3rd quarter valued at about $207,000. Finally, Charter Trust Co. acquired a new position in Toll Brothers during the 4th quarter valued at about $210,000. 88.07% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on TOL. KeyCorp raised Toll Brothers from a “sector weight” rating to an “overweight” rating and increased their price objective for the company from $44.55 to $52.00 in a report on Thursday, November 2nd. They noted that the move was a valuation call. UBS Group began coverage on Toll Brothers in a report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a report on Wednesday, November 15th. ValuEngine lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, MKM Partners increased their price objective on Toll Brothers to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $49.13.
Shares of Toll Brothers Inc (NYSE:TOL) traded up $1.24 on Thursday, hitting $52.07. The stock had a trading volume of 1,999,200 shares, compared to its average volume of 2,149,536. Toll Brothers Inc has a 1 year low of $30.67 and a 1 year high of $52.40. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $8,220.00, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. equities research analysts expect that Toll Brothers Inc will post 3.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s payout ratio is 10.06%.
In other news, Director Paul E. Shapiro sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $51.54, for a total value of $1,288,500.00. Following the sale, the director now owns 131,493 shares in the company, valued at $6,777,149.22. 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 8,537 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the sale, the president now owns 27,233 shares in the company, valued at approximately $1,252,718. The disclosure for this sale can be found here. Insiders sold 124,037 shares of company stock worth $6,114,382 in the last 90 days. 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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