Capital Growth Management LP Has $46.58 Million Stake in Toll Brothers Inc (TOL)

Capital Growth Management LP grew its position in Toll Brothers Inc (NYSE:TOL) by 410.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 970,000 shares of the construction company’s stock after buying an additional 780,000 shares during the period. Toll Brothers comprises about 1.9% of Capital Growth Management LP’s portfolio, making the stock its 23rd biggest holding. Capital Growth Management LP’s holdings in Toll Brothers were worth $46,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in TOL. JPMorgan Chase & Co. grew its position in shares of Toll Brothers by 134.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after acquiring an additional 4,132,120 shares during the period. Bank of New York Mellon Corp grew its position in shares of Toll Brothers by 56.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,128,341 shares of the construction company’s stock valued at $129,732,000 after acquiring an additional 1,124,409 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $36,566,000. Acadian Asset Management LLC grew its position in shares of Toll Brothers by 350,599.2% in the 4th quarter. Acadian Asset Management LLC now owns 448,895 shares of the construction company’s stock valued at $21,556,000 after acquiring an additional 448,767 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Toll Brothers by 827.3% in the 4th quarter. Victory Capital Management Inc. now owns 418,910 shares of the construction company’s stock valued at $20,116,000 after acquiring an additional 373,734 shares during the period. 88.11% of the stock is owned by institutional investors.

In other Toll Brothers news, CAO Joseph R. Sicree sold 4,500 shares of Toll Brothers stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.48, for a total value of $231,660.00. Following the completion of the sale, the chief accounting officer now owns 24,197 shares in the company, valued at approximately $1,245,661.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 20,000 shares of Toll Brothers stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $49.83, for a total transaction of $996,600.00. Following the completion of the sale, the chief executive officer now owns 231,785 shares of the company’s stock, valued at approximately $11,549,846.55. The disclosure for this sale can be found here. Insiders sold a total of 115,950 shares of company stock valued at $5,841,012 in the last quarter. Corporate insiders own 8.78% of the company’s stock.

Shares of Toll Brothers Inc (TOL) opened at $47.07 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The stock has a market cap of $7,162.35, a PE ratio of 14.76, a PEG ratio of 0.83 and a beta of 1.38. Toll Brothers Inc has a 12 month low of $31.05 and a 12 month high of $52.73.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm earned $0.67 EPS. Toll Brothers’s revenue for the quarter was up 9.3% compared to the same quarter last year. research analysts forecast that Toll Brothers Inc will post 4.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is 10.03%.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of Toll Brothers in a research report on Wednesday, January 24th. Credit Suisse Group reissued a “neutral” rating and issued a $56.00 price objective (up previously from $45.00) on shares of Toll Brothers in a research report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $58.00 price objective on shares of Toll Brothers and gave the company a “buy” rating in a research report on Thursday, January 18th. UBS Group reissued a “buy” rating and issued a $58.00 price objective (up previously from $53.00) on shares of Toll Brothers in a research report on Wednesday, January 17th. Finally, MKM Partners lifted their price objective on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $51.19.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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

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