EULAV Asset Management boosted its holdings in shares of Toll Brothers (NYSE:TOL) by 83.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,000 shares of the construction company’s stock after acquiring an additional 40,000 shares during the period. EULAV Asset Management owned about 0.06% of Toll Brothers worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of TOL. Bessemer Group Inc. grew its holdings in Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after acquiring an additional 1,600 shares in the last quarter. Cerebellum GP LLC bought a new position in Toll Brothers during the 4th quarter worth about $120,000. CENTRAL TRUST Co bought a new position in Toll Brothers during the 4th quarter worth about $157,000. Charter Trust Co. bought a new position in Toll Brothers during the 4th quarter worth about $210,000. Finally, FCA Corp TX bought a new position in Toll Brothers during the 4th quarter worth about $216,000. Institutional investors own 86.78% of the company’s stock.
Toll Brothers opened at $42.40 on Friday, according to MarketBeat. Toll Brothers has a 12-month low of $40.72 and a 12-month high of $41.30. The company has a quick ratio of 0.89, a current ratio of 7.31 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.71 and a beta of 1.39.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $0.42 EPS. Toll Brothers’s revenue for the quarter was up 27.7% compared to the same quarter last year. analysts expect that Toll Brothers will post 4.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 12th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a yield of 1.04%. Toll Brothers’s dividend payout ratio (DPR) is currently 13.88%.
Several brokerages have issued reports on TOL. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 target price on shares of Toll Brothers in a report on Wednesday, January 24th. Credit Suisse Group reiterated a “neutral” rating and set a $56.00 target price (up from $45.00) on shares of Toll Brothers in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $58.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Thursday, January 18th. ValuEngine upgraded shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Toll Brothers has an average rating of “Buy” and a consensus price target of $50.56.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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