According to the most recent filing that Jennison Associates LLC has made with the SEC, the company increased its holdings in Toll Brothers, Inc. (NYSE: TOL) by 32.4% during the third quarter of 2018. This information was provided in the filing. The institutional investor has 739,683 shares after purchasing an additional 180,824 shares of the construction company’s stock during the quarter. This brings the total number of shares in their investment portfolio to 739,683. At the close of the most recent reporting period, Jennison Associates LLC owned approximately 0.65 percent of Toll Brothers, with a market value of $31,067,000.
Recent transactions involving the company’s stock have involved several additional large investors purchasing and selling shares. These investors have both bought and sold shares. The Dupont Capital Management Corporation invested approximately $57,000 to establish a new position in Toll Brothers during the third quarter of the fiscal year. In the third quarter, the State of New Jersey Common Pension Fund D increased 8.1% in the amount of Toll Brothers stock that it owned, bringing the total to 100%. The value of the State of New Jersey Common Pension Fund D’s holdings in the construction company has increased to $2,163,000 due to the recent purchase of an additional 3,850 shares in the company during the most recent quarter. The fund now has a total of 51,495 shares of the company. During the third quarter of the fiscal year, TCW Group Inc. increased the percentage of Toll Brothers stock it held in its portfolio by 3.4%. TCW Group Inc. has increased its total number of shares in the construction company to 124,427 since the beginning of the third quarter. This gives the company’s shares a value of $5,226,000 and brings the total number of shares it owns in the construction company to 124,427. In the third quarter of 2018, Allspring Global Investments Holdings LLC made a 270.9% increase in the amount of Toll Brothers stock that it owned, bringing its total percentage of ownership to a total of 1.7%. Allspring Global Investments Holdings LLC now has 6,724 shares of the construction company’s stock, valued at $282,000, after purchasing an additional 4,911 shares during the most recent quarter. The company purchased these shares. To end things on a high note, Wipfli Financial Advisors LLC spent roughly $50,000 to acquire a new position in Toll Brothers during the third quarter. Most of the stock is owned by hedge funds and other institutional investors, which accounts for 82.74% of the total.
Recently, the company has come under fire from various analysts who are widely regarded as among the most knowledgeable industry experts. Toll Brothers’ rating at KeyCorp was raised from “underweight” to “sector weight” in a research note published on September 19, and the company announced the change. Evercore ISI revealed in a research note released on Monday, December 12, that they had increased their price target for Toll Brothers to $63.00. Citigroup stated that they would be increasing their price target on Toll Brothers to $54.00 in a research note published on Monday, December 12. JPMorgan Chase & Co. raised their price objective for Toll Brothers from $47.00 to $58.00 and changed their rating from “neutral” to “overweight” in a research note published on November 22. Barclays moved Toll Brothers from an “underweight” rating to a “neutral” rating and increased their price target from $47.00 to $50.00 in a research note published on Thursday, December 8. One equity research analyst has recommended selling the stock. In contrast, five others have suggested holding the position, six others have suggested buying the stock, and five others have suggested selling the stock. According to Bloomberg.com, the company currently has an average rating of “Hold,” Analysts have projected that the stock price will reach $56.33 shortly.
On Tuesday, the price of a share of TOL stock was $56.13, the same as the previous day. The company has a beta value of 1.33 and a price-to-earnings ratio of 5.07. The company’s total value, as represented by its market capitalization, is $6.22 billion. The stock’s simple moving average over the past 50 days is $49.24, and its simple moving average over the past 200 days is $46.77. The quick ratio is 0.93, the current ratio is 4.80, and the debt-to-equity ratio is 0.55. All of these numbers are relative to the total amount of debt. All these figures should be interpreted in light of the overall sum owed. Toll Brothers, Inc. is currently trading at $39.53 per share, which is the 52-week low. The 52-week high price for a Toll Brothers, Inc. share is $67.19 per share.
Tuesday, December 6, was the day on which Toll Brothers (NYSE: TOL) disseminated its most recent earnings report to the general public. The construction company reported $4.67 per share earnings for the previous quarter, which was $0.79 more than the consensus expectation of $3.88 per share among market analysts. The revenue for the quarter came in at $3.71 billion, which was a significant increase over the average expectation of $3.22 billion for the amount of money brought in during the period. Toll Brothers was able to achieve a return on equity of 21.17% as well as a net margin of 12.52%. According to market watchers’ projections, Toll Brothers, Inc. is expected to generate earnings of 7.84 cents per share this year.
The corporation recently made a public announcement regarding a quarterly dividend scheduled to be paid out on the 20th of this month. Investors who are currently registered will be eligible to receive a dividend payment of $0.20 per share that will be distributed on Friday, January 6. This dividend will either be paid out or not on January 5, as that is the date that will be used to make the decision. As a direct result, the dividend yield comes to $0.80 per year, giving the stock an overall yield of 1.43%. Toll Brothers currently has a payout ratio of 7.23 percent as of right now.
Toll Brothers, Inc. Chief Executive Officer Douglas C. Jr. Yearley engaged in a transaction on December 8 that ultimately resulted in the sale of 1,359 shares. The number of shares was acquired for a total cost of 67,705.38 dollars, which works out to an average price per share of $49.82. After the transaction is finalized, the CEO will be the sole owner of 159,919 shares of the corporation. Based on the current market price, these shares have a value of $7,967,164.58. The transaction involved the sale of 1,359 shares of the company’s stock; the transaction was made public through a filing with the SEC, which can be found on the SEC’s website. The number of shares was acquired for a total cost of 67,705.38 dollars, which works out to an average price per share of $49.82. After the transaction is finalized, the CEO will be the sole owner of 159,919 shares of the corporation. Based on the current market price, these shares have a value of $7,967,164.58. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. On December 8, director Paul E. Shapiro made a transaction that sold 3,706 shares of the company’s stock. This is just one of the most recent events concerning Toll Brothers. The total revenue from the stock sale was $183,780.54, which is equivalent to a price of $49.59 per share on average when the stock was offered for sale. Following the completion of the sale, the director will have 133,387 shares of the company, the value of which will be $6,614,661.33 at the time of this writing. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, on December 8, Toll Brothers CEO Douglas C. Jr. Yearley sold 1,359 of the company’s shares, bringing the total number of shares he owned to 1,358. As a result of the sale of the shares at an average price of $49.82 per share, the total volume of the transaction amounted to $6