Elkfork Partners LLC Buys New Stake in Toll Brothers Inc (TOL)

Elkfork Partners LLC bought a new stake in Toll Brothers Inc (NYSE:TOL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 79,912 shares of the construction company’s stock, valued at approximately $3,837,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in Toll Brothers by 202.5% in the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after buying an additional 1,600 shares during the last quarter. Cerebellum GP LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $120,000. CENTRAL TRUST Co acquired a new position in Toll Brothers in the fourth quarter valued at about $157,000. Charter Trust Co. acquired a new position in Toll Brothers in the fourth quarter valued at about $210,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Toll Brothers in the third quarter valued at about $216,000. 85.99% of the stock is currently owned by institutional investors.

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Shares of Toll Brothers stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 7.31. The stock has a market cap of $6,771.87, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.38. Toll Brothers Inc has a one year low of $34.99 and a one year high of $52.73.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. sell-side analysts anticipate that Toll Brothers Inc will post 4.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, April 12th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a yield of 1.00%. Toll Brothers’s dividend payout ratio is 8.89%.

In related news, CFO Martin P. Connor sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $51.83, for a total transaction of $621,960.00. Following the sale, the chief financial officer now directly owns 55,357 shares in the company, valued at $2,869,153.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine Garvey sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $50.82, for a total transaction of $813,120.00. Following the sale, the director now owns 17,057 shares in the company, valued at $866,836.74. The disclosure for this sale can be found here. Insiders have sold 95,950 shares of company stock worth $4,910,012 over the last quarter. Insiders own 8.78% of the company’s stock.

TOL has been the topic of a number of recent analyst reports. ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. MKM Partners upped their target price on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 target price (down previously from $45.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Royal Bank of Canada upped their target price on shares of Toll Brothers to $57.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Finally, Argus set a $55.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $50.75.

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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.

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

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