Norman Fields Gottscho Capital Management LLC decreased its stake in shares of Toll Brothers Inc (NYSE:TOL) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,065 shares of the construction company’s stock after selling 3,185 shares during the quarter. Toll Brothers comprises approximately 1.4% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Norman Fields Gottscho Capital Management LLC owned about 0.05% of Toll Brothers worth $2,754,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Boston Partners bought a new position in Toll Brothers during the 4th quarter valued at $116,690,000. Massachusetts Financial Services Co. MA raised its stake in shares of Toll Brothers by 259.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,688,545 shares of the construction company’s stock worth $154,394,000 after purchasing an additional 3,384,353 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Toll Brothers by 1,967.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,805 shares of the construction company’s stock worth $54,000 after purchasing an additional 1,680,413 shares during the period. Norges Bank bought a new stake in shares of Toll Brothers during the 4th quarter worth $55,091,000. Finally, Marshall Wace LLP raised its stake in shares of Toll Brothers by 843.5% during the 3rd quarter. Marshall Wace LLP now owns 1,071,725 shares of the construction company’s stock worth $35,399,000 after purchasing an additional 958,130 shares during the period. 82.34% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Barclays set a $33.00 target price on Toll Brothers and gave the stock a “sell” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. lowered Toll Brothers from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $33.00 to $32.00 in a report on Thursday, March 7th. Credit Suisse Group reissued a “hold” rating and issued a $37.00 price objective on shares of Toll Brothers in a report on Friday, January 11th. Mizuho lowered Toll Brothers from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $39.00 in a report on Wednesday, January 23rd. Finally, Buckingham Research started coverage on Toll Brothers in a report on Friday, January 11th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Toll Brothers presently has an average rating of “Hold” and a consensus price target of $40.14.
NYSE:TOL opened at $37.43 on Friday. The company has a market capitalization of $5.46 billion, a P/E ratio of 7.95, a PEG ratio of 0.99 and a beta of 1.00. Toll Brothers Inc has a 1-year low of $28.68 and a 1-year high of $43.83. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.13. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Toll Brothers Inc will post 4.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.44 annualized dividend and a yield of 1.18%. Toll Brothers’s payout ratio is currently 9.34%.
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About Toll Brothers
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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