Wedge Capital Management L L P NC lifted its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 28.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,128 shares of the construction company’s stock after acquiring an additional 5,282 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Toll Brothers were worth $797,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TOL. Swiss National Bank boosted its stake in Toll Brothers by 0.4% in the 2nd quarter. Swiss National Bank now owns 484,033 shares of the construction company’s stock valued at $17,904,000 after purchasing an additional 1,700 shares during the period. IFM Investors Pty Ltd boosted its stake in Toll Brothers by 36.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 7,570 shares of the construction company’s stock valued at $280,000 after purchasing an additional 2,024 shares during the period. Advisors Asset Management Inc. boosted its stake in Toll Brothers by 17.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,745 shares of the construction company’s stock valued at $582,000 after purchasing an additional 2,287 shares during the period. Barnett & Company Inc. boosted its stake in Toll Brothers by 4.6% in the 2nd quarter. Barnett & Company Inc. now owns 55,011 shares of the construction company’s stock valued at $2,035,000 after purchasing an additional 2,411 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Toll Brothers by 10.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 24,828 shares of the construction company’s stock valued at $918,000 after purchasing an additional 2,430 shares during the period. Institutional investors own 81.97% of the company’s stock.
Toll Brothers stock opened at $32.38 on Friday. 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 52 week low of $28.68 and a 52 week high of $52.73. The firm has a market cap of $4.92 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.41 and a beta of 1.17.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, October 11th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.36%. Toll Brothers’s dividend payout ratio (DPR) is currently 13.88%.
In other news, Director Edward G. Boehne sold 17,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total transaction of $639,880.00. Following the completion of the transaction, the director now owns 99,598 shares of the company’s stock, valued at approximately $3,748,868.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.78% of the stock is currently owned by insiders.
Several equities analysts have weighed in on the company. Evercore ISI raised 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 cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Deutsche Bank cut 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 cut 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 cut Toll Brothers from a “sell” rating to a “strong sell” rating in a report on Monday, September 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Toll Brothers presently has an average rating of “Hold” and a consensus price target of $47.56.
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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.
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