HM Payson & Co. lifted its position in Toll Brothers, Inc. (NYSE:TOL) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,200 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. HM Payson & Co.’s holdings in Toll Brothers were worth $400,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Brandywine Global Investment Management LLC grew its holdings in Toll Brothers by 11.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 507,927 shares of the construction company’s stock valued at $22,080,000 after buying an additional 52,836 shares in the last quarter. Capital Management Corp VA lifted its position in Toll Brothers by 42.7% during the fourth quarter. Capital Management Corp VA now owns 166,482 shares of the construction company’s stock valued at $7,237,000 after purchasing an additional 49,798 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Toll Brothers by 9.8% in the 4th quarter. Clearbridge Investments LLC now owns 1,186,715 shares of the construction company’s stock worth $51,587,000 after buying an additional 105,723 shares in the last quarter. Davis R M Inc. increased its holdings in shares of Toll Brothers by 17.0% in the 3rd quarter. Davis R M Inc. now owns 195,984 shares of the construction company’s stock worth $9,537,000 after buying an additional 28,524 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Toll Brothers by 11.9% during the 4th quarter. Sei Investments Co. now owns 49,411 shares of the construction company’s stock valued at $2,120,000 after buying an additional 5,244 shares in the last quarter. Institutional investors own 87.20% of the company’s stock.
TOL opened at $59.41 on Thursday. The company has a quick ratio of 1.37, a current ratio of 5.82 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $55.54 and its two-hundred day moving average is $49.40. The company has a market capitalization of $7.31 billion, a P/E ratio of 17.22, a PEG ratio of 0.62 and a beta of 1.64. Toll Brothers, Inc. has a 52 week low of $19.37 and a 52 week high of $60.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 23rd. Investors of record on Friday, April 9th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. Toll Brothers’s dividend payout ratio is 12.94%.
Several equities research analysts have weighed in on TOL shares. Credit Suisse Group boosted their price objective on Toll Brothers from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 3rd. BTIG Research increased their price target on Toll Brothers from $40.00 to $49.00 and gave the company a “sell” rating in a report on Thursday, February 25th. They noted that the move was a valuation call. Wolfe Research assumed coverage on shares of Toll Brothers in a research report on Monday, March 22nd. They set a “peer perform” rating on the stock. Royal Bank of Canada increased their target price on shares of Toll Brothers from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 25th. Finally, Zacks Investment Research cut shares of Toll Brothers from a “buy” rating to a “hold” rating and set a $46.00 price target for the company. in a research note on Thursday, December 10th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Toll Brothers has an average rating of “Hold” and a consensus target price of $52.13.
In other Toll Brothers news, Director Robert I. Toll sold 500,000 shares of the business’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $53.29, for a total value of $26,645,000.00. Also, Director Robert I. Toll sold 318,528 shares of the business’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $57.45, for a total transaction of $18,299,433.60. Following the completion of the transaction, the director now owns 8,420,316 shares of the company’s stock, valued at $483,747,154.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 879,297 shares of company stock valued at $48,330,709. 10.94% of the stock is owned by insiders.
Toll Brothers Company Profile
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. The company operates in two segments, Traditional Home Building and Urban Infill. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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