Vicus Capital purchased a new stake in Toll Brothers, Inc. (NYSE:TOL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,351 shares of the construction company’s stock, valued at approximately $209,000.
Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in Toll Brothers by 36.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after purchasing an additional 8,474 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Toll Brothers by 46.7% in the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after acquiring an additional 8,234 shares during the last quarter. Van ECK Associates Corp increased its position in Toll Brothers by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after purchasing an additional 10,823 shares during the period. TCW Group Inc. increased its position in Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after purchasing an additional 16,503 shares during the period. Finally, Lifestyle Asset Management Inc. bought a new position in Toll Brothers during the 1st quarter worth approximately $1,398,000. Institutional investors own 91.76% of the company’s stock.
Insider Activity
In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock worth $32,602,152 over the last quarter. Insiders own 1.54% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Toll Brothers
Toll Brothers Price Performance
TOL stock opened at $148.02 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The business has a 50-day simple moving average of $146.69 and a two-hundred day simple moving average of $131.14. The company has a market capitalization of $14.95 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.66. Toll Brothers, Inc. has a 52-week low of $68.08 and a 52-week high of $160.12.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the firm earned $3.73 earnings per share. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. Research analysts expect that Toll Brothers, Inc. will post 13.51 EPS for the current fiscal year.
Toll Brothers Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. Toll Brothers’s payout ratio is 6.34%.
About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.
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