Redmond Asset Management LLC trimmed its stake in shares of Toll Brothers Inc (NYSE:TOL) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 42,209 shares of the construction company’s stock after selling 3,812 shares during the quarter. Redmond Asset Management LLC’s holdings in Toll Brothers were worth $1,528,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Taylor Frigon Capital Management LLC grew its holdings in Toll Brothers by 0.9% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 32,308 shares of the construction company’s stock valued at $1,064,000 after purchasing an additional 275 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Toll Brothers by 2.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 18,455 shares of the construction company’s stock valued at $608,000 after purchasing an additional 400 shares during the period. Quantum Capital Management grew its holdings in Toll Brothers by 9.6% in the fourth quarter. Quantum Capital Management now owns 7,347 shares of the construction company’s stock valued at $242,000 after purchasing an additional 645 shares during the period. Meeder Asset Management Inc. grew its holdings in Toll Brothers by 694.0% in the fourth quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock valued at $26,000 after purchasing an additional 694 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Toll Brothers in the first quarter valued at approximately $25,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on TOL. Barclays set a $33.00 price objective on Toll Brothers and gave the company a “sell” rating in a report on Thursday, March 28th. Zelman & Associates raised Toll Brothers from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. cut Toll Brothers from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $33.00 to $32.00 in a research note on Thursday, March 7th. Raymond James set a $40.00 target price on Toll Brothers and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Credit Suisse Group reissued a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research note on Friday, February 15th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.14.
TOL traded down $0.38 on Wednesday, hitting $38.23. 32,889 shares of the company traded hands, compared to its average volume of 1,890,545. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74. The company has a market cap of $5.62 billion, a PE ratio of 8.08, a P/E/G ratio of 1.01 and a beta of 1.00. Toll Brothers Inc has a 12-month low of $28.68 and a 12-month high of $43.83.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.13. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. As a group, sell-side analysts expect that Toll Brothers Inc will post 4.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 9.34%.
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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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