State of New Jersey Common Pension Fund D reduced its holdings in Toll Brothers, Inc. (NYSE:TOL – Free Report) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,388 shares of the construction company’s stock after selling 3,842 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Toll Brothers were worth $4,079,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of TOL. Fiduciary Alliance LLC purchased a new stake in Toll Brothers in the fourth quarter valued at approximately $1,117,000. Franklin Resources Inc. raised its position in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new position in Toll Brothers in the third quarter worth $12,506,000. Chartwell Investment Partners LLC increased its stake in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Insider Activity at Toll Brothers
In other news, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % 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 11,140 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 over the last three months. 1.54% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Toll Brothers
Toll Brothers Price Performance
Shares of TOL stock opened at $114.88 on Thursday. The company has a market capitalization of $11.48 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.07 and a beta of 1.76. The company’s 50-day simple moving average is $129.49 and its two-hundred day simple moving average is $141.58. Toll Brothers, Inc. has a one year low of $100.47 and a one year high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current year.
Toll Brothers Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. Toll Brothers’s dividend payout ratio is currently 6.12%.
Toll Brothers Profile
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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