Cerity Partners LLC Has $12.53 Million Stake in Toll Brothers Inc. $TOL

Cerity Partners LLC grew its holdings in Toll Brothers Inc. (NYSE:TOLFree Report) by 16.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,673 shares of the construction company’s stock after acquiring an additional 12,898 shares during the period. Cerity Partners LLC owned 0.09% of Toll Brothers worth $12,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after purchasing an additional 182 shares during the period. FNY Investment Advisers LLC acquired a new stake in Toll Brothers during the second quarter valued at approximately $64,000. Global Retirement Partners LLC raised its stake in Toll Brothers by 1,112.8% during the third quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after acquiring an additional 523 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Toll Brothers by 201.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after purchasing an additional 585 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Toll Brothers by 1,882.2% in the 2nd quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock worth $102,000 after acquiring an additional 847 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of TOL stock opened at $145.41 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.79. The company’s 50 day moving average price is $136.22 and its two-hundred day moving average price is $132.80. The company has a market capitalization of $13.81 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.43.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company earned $4.63 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, 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. Stockholders of record on Friday, January 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Toll Brothers’s payout ratio is 7.37%.

Key Toll Brothers News

Here are the key news stories impacting Toll Brothers this week:

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TOL shares. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Citizens Jmp started coverage on Toll Brothers in a report on Wednesday. They issued a “market outperform” rating and a $175.00 price target on the stock. Royal Bank Of Canada lowered their price objective on Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

Read Our Latest Stock Analysis on Toll Brothers

Toll Brothers Profile

(Free Report)

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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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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