Bamco Inc. NY Increases Stock Position in Toll Brothers Inc. $TOL

Bamco Inc. NY lifted its stake in Toll Brothers Inc. (NYSE:TOL) by 116.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,680 shares of the construction company’s stock after acquiring an additional 611,523 shares during the period. Bamco Inc. NY owned approximately 1.16% of Toll Brothers worth $129,501,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TOL. Goldman Sachs Group Inc. grew its position in Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock worth $115,217,000 after buying an additional 67,156 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in Toll Brothers during the second quarter valued at approximately $341,000. Focus Partners Wealth grew its holdings in shares of Toll Brothers by 11.7% during the 1st quarter. Focus Partners Wealth now owns 73,832 shares of the construction company’s stock valued at $7,796,000 after purchasing an additional 7,762 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Toll Brothers by 13.1% in the first quarter. Royal Bank of Canada now owns 183,935 shares of the construction company’s stock worth $19,421,000 after buying an additional 21,262 shares during the period. Finally, Inspire Investing LLC purchased a new position in Toll Brothers in the 1st quarter worth approximately $2,154,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $139.13 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.51. The firm has a fifty day moving average price of $134.80 and a 200-day moving average price of $128.41. The stock has a market cap of $13.41 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $149.79.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. Toll Brothers’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.63 earnings per share. Equities analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s payout ratio is currently 7.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TOL. Wedbush reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Royal Bank Of Canada cut their price objective on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a report on Wednesday. The Goldman Sachs Group reissued a “neutral” rating and set a $140.00 price objective on shares of Toll Brothers in a research report on Wednesday. Wells Fargo & Company increased their price objective on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Finally, Barclays lifted their target price on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $150.36.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.