Toll Brothers Inc. (TOL) Position Boosted by Matthew 25 Management Corp

Matthew 25 Management Corp boosted its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 8.4% during the first quarter, Holdings Channel reports. The fund owned 387,500 shares of the construction company’s stock after buying an additional 30,000 shares during the period. Toll Brothers comprises 3.8% of Matthew 25 Management Corp’s investment portfolio, making the stock its 12th largest position. Matthew 25 Management Corp’s holdings in Toll Brothers were worth $13,993,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TOL. Russell Investments Group Ltd. bought a new stake in Toll Brothers during the fourth quarter worth about $4,408,000. Comerica Bank increased its stake in Toll Brothers by 5.4% in the fourth quarter. Comerica Bank now owns 110,875 shares of the construction company’s stock worth $3,439,000 after buying an additional 5,707 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Toll Brothers during the fourth quarter worth about $202,000. Aviva PLC increased its stake in Toll Brothers by 5.6% in the fourth quarter. Aviva PLC now owns 102,958 shares of the construction company’s stock worth $3,193,000 after buying an additional 5,495 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in Toll Brothers by 1,490.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 280,184 shares of the construction company’s stock worth $8,694,000 after buying an additional 262,564 shares in the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Toll Brothers Inc. (TOL) traded up 0.05% during mid-day trading on Wednesday, reaching $39.04. 2,107,005 shares of the company’s stock were exchanged. The company has a market capitalization of $6.39 billion, a PE ratio of 16.10 and a beta of 1.56. Toll Brothers Inc. has a one year low of $25.29 and a one year high of $39.75. The company’s 50-day moving average price is $37.61 and its 200-day moving average price is $34.61.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.63 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. On average, equities analysts expect that Toll Brothers Inc. will post $3.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is 13.17%.

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A number of research firms have issued reports on TOL. Barclays PLC restated an “equal weight” rating and issued a $37.00 price objective (up previously from $34.00) on shares of Toll Brothers in a research report on Tuesday, March 7th. Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $35.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a research note on Monday, April 10th. Buckingham Research downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. They noted that the move was a valuation call. Finally, Citigroup Inc. upped their target price on shares of Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.17.

In other news, insider Robert I. Toll sold 1,967 shares of Toll Brothers stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $38.00, for a total transaction of $74,746.00. Following the completion of the transaction, the insider now directly owns 7,420,317 shares of the company’s stock, valued at approximately $281,972,046. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen A. Novick sold 85,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $39.08, for a total transaction of $3,321,800.00. Following the transaction, the director now directly owns 24,417 shares of the company’s stock, valued at $954,216.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 407,172 shares of company stock valued at $15,546,645. Insiders own 8.78% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TOL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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