Pendal Group Ltd lifted its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 12.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,234 shares of the construction company’s stock after purchasing an additional 4,304 shares during the quarter. Pendal Group Ltd’s holdings in Toll Brothers were worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $25,000. Quadrant Capital Group LLC grew its holdings in shares of Toll Brothers by 309.0% during the 1st quarter. Quadrant Capital Group LLC now owns 953 shares of the construction company’s stock worth $32,000 after purchasing an additional 720 shares during the period. Sandy Spring Bank grew its holdings in shares of Toll Brothers by 150.1% during the 1st quarter. Sandy Spring Bank now owns 1,078 shares of the construction company’s stock worth $39,000 after purchasing an additional 647 shares during the period. CWM LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $53,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $57,000. Institutional investors and hedge funds own 81.49% of the company’s stock.
Toll Brothers stock traded up $0.14 during midday trading on Thursday, reaching $35.17. 167,357 shares of the stock traded hands, compared to its average volume of 1,539,769. The business has a 50-day simple moving average of $36.22. Toll Brothers Inc has a 12-month low of $28.68 and a 12-month high of $39.80. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 1.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.30 and a current ratio of 7.68.
The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, July 11th. Toll Brothers’s dividend payout ratio is currently 9.34%.
A number of equities analysts have recently weighed in on TOL shares. Raymond James cut Toll Brothers from an “outperform” rating to a “market perform” rating and set a $35.39 price target for the company. in a report on Thursday, May 30th. Zacks Investment Research cut Toll Brothers from a “hold” rating to a “sell” rating and set a $37.00 price target for the company. in a report on Wednesday, July 24th. SunTrust Banks assumed coverage on Toll Brothers in a report on Monday. They set a “hold” rating and a $37.00 target price for the company. ValuEngine cut Toll Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Finally, Royal Bank of Canada set a $37.00 target price on Toll Brothers and gave the company a “hold” rating in a report on Thursday, May 23rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.49.
In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $37.01, for a total value of $629,170.00. Following the sale, the director now owns 64,304 shares of the company’s stock, valued at approximately $2,379,891.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl B. Marbach sold 3,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $35.14, for a total value of $105,420.00. Following the completion of the sale, the director now directly owns 85,463 shares in the company, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. Insiders sold a total of 20,200 shares of company stock worth $742,192 in the last ninety days. 9.69% of the stock is owned by corporate insiders.
Toll Brothers Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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