Jefferies Financial Group Inc. boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 59.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,790 shares of the construction company's stock after buying an additional 2,903 shares during the period. Jefferies Financial Group Inc.'s holdings in Toll Brothers were worth $981,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. Promus Capital LLC acquired a new stake in shares of Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC lifted its position in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after acquiring an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after purchasing an additional 250 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after purchasing an additional 75 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have issued reports on TOL shares. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wedbush restated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Royal Bank of Canada reduced their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $141.36.
View Our Latest Analysis on TOL
Toll Brothers Stock Down 0.6%
Shares of NYSE TOL traded down $0.68 during trading hours on Friday, hitting $104.37. The company had a trading volume of 1,346,063 shares, compared to its average volume of 1,564,523. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm's 50 day moving average is $101.18 and its 200-day moving average is $120.03. The stock has a market capitalization of $10.43 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $3.38 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.
Toll Brothers Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is 7.42%.
About Toll Brothers
(
Free Report)
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.
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