Globeflex Capital L P Has $4.18 Million Stake in Toll Brothers Inc. $TOL

Globeflex Capital L P decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,926 shares of the construction company’s stock after selling 8,342 shares during the quarter. Globeflex Capital L P’s holdings in Toll Brothers were worth $4,182,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. State of Wyoming acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $68,000. Bank of New York Mellon Corp grew its position in shares of Toll Brothers by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,034,687 shares of the construction company’s stock worth $139,910,000 after buying an additional 14,437 shares during the period. Root Financial Partners LLC grew its position in shares of Toll Brothers by 21.9% during the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $30,560,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $481,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Up 1.7%

Shares of NYSE TOL opened at $139.81 on Friday. The stock has a market cap of $13.07 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.14 and a beta of 1.36. The firm has a 50 day moving average price of $138.06 and a 200 day moving average price of $141.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. Toll Brothers Inc. has a 52-week low of $104.09 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. Analysts expect that Toll Brothers Inc. will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.87%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TOL shares. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, February 18th. Citigroup restated a “neutral” rating on shares of Toll Brothers in a report on Thursday, May 21st. Finally, Barclays decreased their price objective on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.13.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.