Interval Partners LP acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 137,025 shares of the construction company’s stock, valued at approximately $18,529,000. Interval Partners LP owned 0.14% of Toll Brothers at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOL. Wiser Advisor Group LLC bought a new position in Toll Brothers during the third quarter worth $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers during the fourth quarter worth $27,000. Ramirez Asset Management Inc. bought a new position in Toll Brothers during the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers during the third quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers during the fourth quarter worth $34,000. 91.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TOL. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. upped 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. Finally, BTIG Research initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.56.
Toll Brothers Trading Down 2.2%
TOL opened at $149.88 on Thursday. Toll Brothers Inc. has a twelve month low of $104.09 and a twelve month high of $168.36. The company has a 50-day simple moving average of $139.86 and a 200 day simple moving average of $142.78. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 1.36.
Toll Brothers (NYSE:TOL – Get Free Report) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. Analysts predict that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.
Toll Brothers Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued 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 dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.87%.
Insider Activity at Toll Brothers
In other news, Director Stephen F. East sold 1,000 shares of the stock in a transaction dated 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 transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company’s stock.
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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