U S Global Investors Inc. bought a new position in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,400 shares of the construction company’s stock, valued at approximately $737,000.
Several other large investors have also added to or reduced their stakes in TOL. Greenhaven Associates Inc. raised its holdings in Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after acquiring an additional 22,218 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares in the last quarter. Holocene Advisors LP raised its stake in Toll Brothers by 78.0% during the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after purchasing an additional 974,567 shares during the period. Norges Bank bought a new stake in Toll Brothers during the 4th quarter valued at approximately $168,312,000. Finally, Bamco Inc. NY raised its stake in Toll Brothers by 0.8% during the 4th quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock valued at $157,703,000 after purchasing an additional 9,385 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Analyst Ratings Changes
TOL has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. BTIG Research assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. Barclays dropped their target price on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. Argus set a $170.00 target price on shares of Toll Brothers in a research note on Tuesday, June 2nd. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $164.44.
Insider Transactions at Toll Brothers
In related news, COO Robert Parahus sold 7,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The stock was 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,457 shares of company stock worth $13,468,657 in the last three months. Insiders own 1.37% of the company’s stock.
Toll Brothers Price Performance
Shares of NYSE TOL traded up $1.11 during midday trading on Friday, reaching $149.37. 778,439 shares of the stock traded hands, compared to its average volume of 1,135,050. 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 capitalization of $13.96 billion, a PE ratio of 11.30, a P/E/G ratio of 1.23 and a beta of 1.34. Toll Brothers Inc. has a one year low of $113.52 and a one year high of $168.36. The company’s 50 day moving average is $144.27 and its 200 day moving average is $144.77.
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. The company had revenue of $2.53 billion for 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%. Toll Brothers’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 earnings per share. On average, equities research analysts anticipate that Toll Brothers Inc. will post 12.69 earnings per share for the current year.
Toll Brothers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.
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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