Steward Partners Investment Advisory LLC Has $66,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Steward Partners Investment Advisory LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) by 36.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407 shares of the construction company’s stock after buying an additional 375 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Toll Brothers were worth $66,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TOL. Renaissance Technologies LLC acquired a new stake in Toll Brothers during the fourth quarter worth approximately $32,561,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Toll Brothers by 439.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 313,004 shares of the construction company’s stock valued at $22,658,000 after purchasing an additional 254,929 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Toll Brothers by 40.7% in the 4th quarter. Bank of America Corp DE now owns 841,586 shares of the construction company’s stock valued at $60,923,000 after purchasing an additional 243,352 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Toll Brothers by 800.3% in the 4th quarter. Qube Research & Technologies Ltd now owns 259,877 shares of the construction company’s stock valued at $18,812,000 after purchasing an additional 231,013 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Toll Brothers by 161.5% in the 1st quarter. Pacer Advisors Inc. now owns 330,154 shares of the construction company’s stock valued at $15,524,000 after purchasing an additional 203,900 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

Toll Brothers Stock Up 0.9 %

Shares of NYSE:TOL opened at $47.35 on Thursday. The firm has a market cap of $5.44 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.91 and a beta of 1.47. The company has a quick ratio of 0.62, a current ratio of 5.01 and a debt-to-equity ratio of 0.61. Toll Brothers, Inc. has a 12-month low of $40.19 and a 12-month high of $75.61. The business has a fifty day simple moving average of $47.32 and a 200 day simple moving average of $49.76.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings data on Tuesday, May 24th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.39. Toll Brothers had a return on equity of 18.61% and a net margin of 10.48%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts predict that Toll Brothers, Inc. will post 10.16 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, July 7th. Toll Brothers’s dividend payout ratio (DPR) is presently 10.03%.

Analysts Set New Price Targets

TOL has been the topic of a number of research analyst reports. Raymond James reduced their target price on Toll Brothers from $82.00 to $75.00 in a report on Tuesday, May 31st. Wedbush reduced their target price on Toll Brothers from $73.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, May 26th. Royal Bank of Canada cut their price objective on Toll Brothers from $67.00 to $53.00 in a report on Thursday, May 26th. JPMorgan Chase & Co. cut their price objective on Toll Brothers from $53.50 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, July 12th. Finally, Wells Fargo & Company downgraded Toll Brothers from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $56.00 to $48.00 in a report on Friday, June 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.42.

Toll Brothers Profile

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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 City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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

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