Condor Capital Management reduced its position in shares of Toll Brothers Inc (NYSE:TOL) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,350 shares of the construction company’s stock after selling 2,154 shares during the period. Condor Capital Management’s holdings in Toll Brothers were worth $1,854,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Independent Advisor Alliance purchased a new position in Toll Brothers during the fourth quarter worth $100,000. US Bancorp DE raised its position in Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after buying an additional 49 shares during the period. Macquarie Group Ltd. raised its position in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock worth $102,000 after buying an additional 500 shares during the period. Advisory Services Network LLC purchased a new position in Toll Brothers during the first quarter worth $114,000. Finally, Toronto Dominion Bank raised its position in Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock worth $134,000 after buying an additional 339 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.
Toll Brothers Inc (NYSE:TOL) traded up 0.99% on Friday, hitting $37.84. The stock had a trading volume of 1,727,927 shares. The stock has a 50-day moving average of $36.44 and a 200-day moving average of $33.13. Toll Brothers Inc has a one year low of $25.29 and a one year high of $38.00. The company has a market cap of $6.15 billion, a PE ratio of 17.18 and a beta of 1.28.
Toll Brothers (NYSE:TOL) last announced its earnings results on Wednesday, February 22nd. The construction company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. Toll Brothers had a return on equity of 9.19% and a net margin of 7.39%. The business had revenue of $920.70 million during the quarter, compared to analysts’ expectations of $902.49 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts expect that Toll Brothers Inc will post $3.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 14th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.85%.
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A number of equities analysts recently weighed in on TOL shares. Mizuho started coverage on shares of Toll Brothers in a research report on Tuesday. They issued a “buy” rating and a $44.00 price objective on the stock. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Tuesday, April 25th. Zelman & Associates upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Wednesday. Barclays PLC restated an “equal weight” rating and set a $37.00 target price (up from $34.00) on shares of Toll Brothers in a research report on Tuesday, March 7th. Finally, Wedbush set a $32.00 target price on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Toll Brothers has an average rating of “Buy” and an average price target of $37.17.
In related news, insider Robert I. Toll sold 275,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $36.00, for a total value of $9,900,000.00. Following the completion of the sale, the insider now directly owns 7,420,317 shares of the company’s stock, valued at approximately $267,131,412. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Richard T. Hartman sold 7,836 shares of the stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $37.00, for a total value of $289,932.00. Following the completion of the sale, the president now directly owns 31,770 shares of the company’s stock, valued at $1,175,490. The disclosure for this sale can be found here. Insiders sold a total of 345,822 shares of company stock valued at $12,404,734 in the last quarter. 8.78% of the stock is currently owned by corporate insiders.
About Toll Brothers
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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