Cwm LLC Purchases 7,363 Shares of Toll Brothers Inc. $TOL

Cwm LLC raised its position in Toll Brothers Inc. (NYSE:TOL) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,595 shares of the construction company’s stock after buying an additional 7,363 shares during the quarter. Cwm LLC owned about 0.07% of Toll Brothers worth $9,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TOL. Pacer Advisors Inc. boosted its position in shares of Toll Brothers by 173.3% during the 3rd quarter. Pacer Advisors Inc. now owns 28,091 shares of the construction company’s stock worth $3,880,000 after acquiring an additional 17,813 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new stake in Toll Brothers during the third quarter worth $235,000. Brookstone Capital Management acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at $201,000. Martin Capital Advisors LLP increased its stake in shares of Toll Brothers by 11.0% in the 3rd quarter. Martin Capital Advisors LLP now owns 3,971 shares of the construction company’s stock valued at $549,000 after purchasing an additional 395 shares during the last quarter. Finally, Friedenthal Financial raised its holdings in shares of Toll Brothers by 587.2% during the 3rd quarter. Friedenthal Financial now owns 749 shares of the construction company’s stock worth $103,000 after buying an additional 640 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

NYSE TOL opened at $137.91 on Tuesday. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 1.14 and a beta of 1.39. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $149.79. The stock has a fifty day simple moving average of $136.19 and a 200 day simple moving average of $131.17.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.63 EPS. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Toll Brothers’s dividend payout ratio is currently 7.37%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Citigroup dropped their target price on shares of Toll Brothers from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Bank of America decreased their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Barclays boosted their target price on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $150.36.

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.