Capital World Investors increased its stake in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 5,196,302 shares of the construction company’s stock after purchasing an additional 8,629 shares during the period. Capital World Investors owned 0.05% of Toll Brothers worth $702,644,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Havemeyer Place LP acquired a new position in shares of Toll Brothers during the 4th quarter worth about $565,000. Greykasell Wealth Strategies Inc. purchased a new stake in Toll Brothers during the 4th quarter valued at about $159,000. Pinebridge Investments LLC purchased a new stake in Toll Brothers during the 4th quarter valued at about $1,770,000. Parallel Advisors LLC grew its stake in Toll Brothers by 5.9% during the 4th quarter. Parallel Advisors LLC now owns 1,977 shares of the construction company’s stock valued at $267,000 after acquiring an additional 111 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Toll Brothers by 6.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,600 shares of the construction company’s stock valued at $4,543,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.
Toll Brothers Stock Performance
Toll Brothers stock opened at $137.83 on Monday. The firm has a 50 day simple moving average of $138.08 and a 200-day simple moving average of $142.03. Toll Brothers Inc. has a 1-year low of $104.09 and a 1-year high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36.
Toll Brothers Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a $0.26 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.87%.
Insider Buying and Selling at Toll Brothers
In other news, Director Stephen F. East sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TOL shares. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. upped their price objective on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. UBS Group dropped their price objective on shares of Toll Brothers from $198.00 to $187.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.
Read Our Latest Stock Analysis on TOL
About Toll Brothers
Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.
In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.
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