Toll Brothers Inc (TOL) Stake Raised by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in shares of Toll Brothers Inc (NYSE:TOL) by 185.7% during the first quarter, HoldingsChannel.com reports. The fund owned 57,182 shares of the construction company’s stock after acquiring an additional 37,170 shares during the quarter. Janus Henderson Group PLC’s holdings in Toll Brothers were worth $2,070,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its holdings in shares of Toll Brothers by 317.1% during the fourth quarter. Two Sigma Advisers LP now owns 751,994 shares of the construction company’s stock valued at $24,763,000 after acquiring an additional 571,700 shares during the period. OLD National Bancorp IN purchased a new position in Toll Brothers during the fourth quarter valued at approximately $216,000. M&T Bank Corp grew its position in Toll Brothers by 17.3% during the fourth quarter. M&T Bank Corp now owns 21,708 shares of the construction company’s stock valued at $714,000 after purchasing an additional 3,206 shares in the last quarter. Condor Capital Management grew its position in Toll Brothers by 2.5% during the fourth quarter. Condor Capital Management now owns 51,491 shares of the construction company’s stock valued at $1,696,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in Toll Brothers by 137.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 79,529 shares of the construction company’s stock valued at $2,619,000 after purchasing an additional 46,003 shares in the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.

TOL stock opened at $37.51 on Tuesday. 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 capitalization of $5.61 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01. Toll Brothers Inc has a 12 month low of $28.68 and a 12 month high of $43.83.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 26th. The construction company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.13. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Toll Brothers had a net margin of 9.93% and a return on equity of 15.83%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, equities research analysts predict that Toll Brothers Inc will post 4.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, April 11th. Toll Brothers’s dividend payout ratio is 9.34%.

A number of research analysts recently commented on the stock. ValuEngine raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Credit Suisse Group reaffirmed a “hold” rating and set a $37.00 price objective on shares of Toll Brothers in a research report on Friday, February 15th. Barclays set a $33.00 price objective on shares of Toll Brothers and gave the company a “sell” rating in a research report on Thursday, March 28th. Finally, Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Toll Brothers currently has an average rating of “Hold” and a consensus target price of $40.14.

In other Toll Brothers news, President Richard T. Hartman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total value of $371,800.00. Following the completion of the sale, the president now directly owns 76,461 shares of the company’s stock, valued at $2,842,819.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $38.94, for a total transaction of $155,760.00. Following the completion of the sale, the chief financial officer now directly owns 72,504 shares of the company’s stock, valued at $2,823,305.76. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock valued at $679,320 over the last three months. Insiders own 9.69% of the company’s stock.

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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.

See Also: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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