James Investment Research Inc. Acquires 18,775 Shares of Toll Brothers Inc (TOL)

James Investment Research Inc. boosted its holdings in Toll Brothers Inc (NYSE:TOL) by 205.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,895 shares of the construction company’s stock after acquiring an additional 18,775 shares during the quarter. James Investment Research Inc.’s holdings in Toll Brothers were worth $1,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOL. FNY Investment Advisers LLC bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its position in shares of Toll Brothers by 694.0% during the 4th quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock worth $26,000 after buying an additional 694 shares in the last quarter. Valley National Advisers Inc. bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $33,000. IMS Capital Management bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $36,000. Finally, CWM LLC bought a new position in shares of Toll Brothers during the 1st quarter worth approximately $53,000. 81.59% of the stock is currently owned by institutional investors and hedge funds.

In related news, President Richard T. Hartman sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $37.18, for a total value of $371,800.00. Following the completion of the transaction, the president now directly owns 76,461 shares in the company, valued at approximately $2,842,819.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 4,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $38.94, for a total transaction of $155,760.00. Following the completion of the transaction, the chief financial officer now owns 72,504 shares of the company’s stock, valued at $2,823,305.76. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock valued at $679,320 over the last quarter. 9.69% of the stock is owned by company insiders.

Several equities analysts have commented on TOL shares. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, February 13th. Zelman & Associates raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Raymond James set a $40.00 target price on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Friday, March 1st. Credit Suisse Group reissued a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research report on Friday, February 15th. Finally, ValuEngine raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.14.

Shares of TOL stock traded down $1.75 during trading hours on Wednesday, hitting $36.60. 4,194,147 shares of the company were exchanged, compared to its average volume of 1,784,731. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74. Toll Brothers Inc has a 52-week low of $28.68 and a 52-week high of $41.33. The firm has a market cap of $5.61 billion, a P/E ratio of 7.77, a PEG ratio of 1.01 and a beta of 1.01.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.10. Toll Brothers had a net margin of 9.93% and a return on equity of 15.83%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $0.72 EPS. As a group, equities analysts expect that Toll Brothers Inc will post 4.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a $0.11 dividend. The ex-dividend date was Thursday, April 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.20%. Toll Brothers’s dividend payout ratio is 9.34%.

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Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for 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 homes in urban infill markets through Toll Brothers City Living.

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

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