Stance Capital LLC bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,993 shares of the construction company’s stock, valued at approximately $1,351,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of TOL. Corient Private Wealth LLC increased its position in Toll Brothers by 97.1% during the fourth quarter. Corient Private Wealth LLC now owns 9,246 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 4,556 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Toll Brothers in the 4th quarter worth about $113,000. McLaughlin Asset Management Inc. bought a new stake in shares of Toll Brothers in the 4th quarter worth about $1,227,000. Compound Planning Inc. boosted its stake in shares of Toll Brothers by 5.1% during the 4th quarter. Compound Planning Inc. now owns 4,372 shares of the construction company’s stock worth $591,000 after purchasing an additional 214 shares during the period. Finally, TMB Capital Partners LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth about $240,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on TOL shares. JPMorgan Chase & Co. increased their price objective on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Barclays cut their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 8th. Evercore reissued an “outperform” rating and set a $185.00 price target on shares of Toll Brothers in a research note on Thursday, May 21st. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.56.
Toll Brothers Stock Down 0.0%
Shares of Toll Brothers stock opened at $155.66 on Friday. 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 $14.55 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.29 and a beta of 1.36. The firm’s 50-day moving average is $140.64 and its two-hundred day moving average is $142.98. Toll Brothers Inc. has a 1 year low of $105.65 and a 1 year high of $168.36.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The company’s revenue was down 7.6% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers Inc. will post 12.68 earnings per share for the current fiscal year.
Toll Brothers Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.
Insiders Place Their Bets
In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen F. East sold 1,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by corporate insiders.
Toll Brothers Profile
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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