LSV Asset Management boosted its holdings in Toll Brothers Inc (NYSE:TOL) by 37.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 949,172 shares of the construction company’s stock after purchasing an additional 260,000 shares during the quarter. LSV Asset Management’s holdings in Toll Brothers were worth $31,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Stone Ridge Asset Management LLC boosted its holdings in shares of Toll Brothers by 25.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 13,365 shares of the construction company’s stock valued at $441,000 after purchasing an additional 2,752 shares during the last quarter. Unigestion Holding SA boosted its holdings in shares of Toll Brothers by 84.2% during the 3rd quarter. Unigestion Holding SA now owns 93,639 shares of the construction company’s stock valued at $3,093,000 after purchasing an additional 42,807 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Toll Brothers by 35.4% during the 3rd quarter. Dupont Capital Management Corp now owns 100,000 shares of the construction company’s stock valued at $3,303,000 after purchasing an additional 26,172 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Toll Brothers by 7.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,666 shares of the construction company’s stock valued at $881,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its holdings in shares of Toll Brothers by 4.5% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 48,637 shares of the construction company’s stock valued at $1,606,000 after purchasing an additional 2,105 shares during the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.

Shares of NYSE:TOL opened at $30.39 on Monday. The company has a quick ratio of 0.88, a current ratio of 6.98 and a debt-to-equity ratio of 0.80. Toll Brothers Inc has a 12 month low of $28.68 and a 12 month high of $52.73. The stock has a market capitalization of $4.48 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.37 and a beta of 1.17.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 21st. The construction company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.23. Toll Brothers had a net margin of 9.37% and a return on equity of 13.49%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, sell-side analysts forecast that Toll Brothers Inc will post 4.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, October 11th. Toll Brothers’s payout ratio is 13.88%.

Several research firms have commented on TOL. Evercore ISI raised shares of Toll Brothers to an “outperform” rating in a report on Thursday, October 25th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Deutsche Bank downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating and dropped their price objective for the company from $51.00 to $29.00 in a report on Monday, October 22nd. Bank of America downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Thursday, October 18th. Finally, ValuEngine downgraded shares of Toll Brothers from a “sell” rating to a “strong sell” rating in a report on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $47.56.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total value of $639,880.00. Following the completion of the sale, the director now owns 99,598 shares of the company’s stock, valued at $3,748,868.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.01% of the stock is owned by company insiders.

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Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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