Brian Low Financial Group LLC Takes $739,000 Position in Toll Brothers Inc. $TOL

Brian Low Financial Group LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,353 shares of the construction company’s stock, valued at approximately $739,000.

Other large investors have also bought and sold shares of the company. Greenhaven Associates Inc. increased its position in shares of Toll Brothers by 0.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after purchasing an additional 39,334 shares during the last quarter. AQR Capital Management LLC grew its position in Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after buying an additional 1,183,304 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Toll Brothers by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock worth $229,586,000 after buying an additional 78,035 shares during the last quarter. Norges Bank bought a new stake in Toll Brothers in the second quarter worth about $154,782,000. Finally, Holocene Advisors LP raised its position in Toll Brothers by 150.7% in the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock worth $142,631,000 after acquiring an additional 751,255 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TOL has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday, December 11th. Argus raised their target price on Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Evercore ISI restated an “in-line” rating and issued a $160.00 target price (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. BTIG Research began coverage on Toll Brothers in a research note on Monday, December 1st. They set a “neutral” rating for the company. Finally, Barclays boosted their price objective on Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $150.36.

Toll Brothers Stock Down 0.3%

TOL opened at $139.10 on Friday. The business’s fifty day simple moving average is $136.15 and its 200 day simple moving average is $130.70. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.79. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The stock has a market cap of $13.21 billion, a PE ratio of 10.26, a P/E/G ratio of 1.15 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). The business had revenue of $3.42 billion for 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%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.63 earnings per share. As a group, research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.37%.

Toll Brothers Company 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.