Oppenheimer & Co. Inc. acquired a new position in shares of Toll Brothers (NYSE:TOL) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,923 shares of the construction company’s stock, valued at approximately $299,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. bought a new stake in Toll Brothers during the fourth quarter worth approximately $590,000. Xact Kapitalforvaltning AB increased its stake in Toll Brothers by 12.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 13,868 shares of the construction company’s stock worth $666,000 after acquiring an additional 1,493 shares during the last quarter. New Mexico Educational Retirement Board bought a new stake in Toll Brothers during the fourth quarter worth approximately $1,806,000. Renaissance Technologies LLC bought a new stake in Toll Brothers during the fourth quarter worth approximately $38,887,000. Finally, Elkfork Partners LLC bought a new stake in Toll Brothers during the fourth quarter worth approximately $3,837,000. 86.78% of the stock is currently owned by institutional investors.
Toll Brothers opened at $42.40 on Friday, according to Marketbeat. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.29 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.70 and a beta of 1.39. Toll Brothers has a one year low of $40.72 and a one year high of $41.30.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Toll Brothers had a return on equity of 12.58% and a net margin of 9.84%. Toll Brothers’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. equities research analysts predict that Toll Brothers will post 4.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Investors of record on Friday, April 13th were issued a $0.11 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.04%. Toll Brothers’s payout ratio is presently 13.88%.
Several equities research analysts have weighed in on the company. ValuEngine raised Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, February 6th. Mizuho set a $58.00 target price on Toll Brothers and gave the company a “buy” rating in a research note on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 target price on shares of Toll Brothers in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $56.00 target price (up previously from $45.00) on shares of Toll Brothers in a research note on Monday, January 22nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.56.
About Toll Brothers
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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