Dynamic Technology Lab Private Ltd cut its holdings in Toll Brothers Inc (NYSE:TOL) by 10.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,782 shares of the construction company’s stock after selling 3,614 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Toll Brothers were worth $1,375,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd bought a new position in Toll Brothers in the 1st quarter worth approximately $203,000. FCA Corp TX bought a new position in Toll Brothers in the 4th quarter valued at $216,000. BRYN MAWR TRUST Co bought a new position in Toll Brothers in the 4th quarter valued at $231,000. Strategic Global Advisors LLC bought a new position in Toll Brothers in the 1st quarter valued at $234,000. Finally, Aviance Capital Partners LLC bought a new position in Toll Brothers in the 1st quarter valued at $240,000. 84.54% of the stock is owned by institutional investors.
Toll Brothers opened at $37.11 on Friday, according to Marketbeat.com. Toll Brothers Inc has a 52-week low of $36.55 and a 52-week high of $52.73. The company has a quick ratio of 0.84, a current ratio of 7.02 and a debt-to-equity ratio of 0.81. The firm has a market cap of $5.68 billion, a PE ratio of 11.71, a P/E/G ratio of 0.54 and a beta of 1.37.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Toll Brothers had a return on equity of 12.50% and a net margin of 9.27%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. equities analysts expect that Toll Brothers Inc will post 4.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 13th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, July 12th. Toll Brothers’s dividend payout ratio is currently 13.88%.
Several brokerages have commented on TOL. ValuEngine downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Barclays set a $39.00 price target on shares of Toll Brothers and gave the company an “underweight” rating in a report on Wednesday, May 23rd. Deutsche Bank cut their price target on shares of Toll Brothers from $54.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, May 24th. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, May 1st. Finally, MKM Partners cut their price target on shares of Toll Brothers to $53.00 and set a “buy” rating for the company in a report on Wednesday, May 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Toll Brothers has an average rating of “Hold” and a consensus price target of $50.63.
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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