GDS Wealth Management Purchases 7,904 Shares of Toll Brothers Inc. $TOL

GDS Wealth Management boosted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,361 shares of the construction company’s stock after purchasing an additional 7,904 shares during the quarter. GDS Wealth Management owned about 0.09% of Toll Brothers worth $12,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Toll Brothers during the third quarter valued at $530,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Toll Brothers by 93.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,280 shares of the construction company’s stock valued at $1,973,000 after purchasing an additional 6,914 shares during the period. MOKAN Wealth Management Inc. purchased a new position in Toll Brothers during the 3rd quarter valued at about $215,000. Olympiad Research LP raised its holdings in shares of Toll Brothers by 20.2% in the 3rd quarter. Olympiad Research LP now owns 2,349 shares of the construction company’s stock valued at $324,000 after purchasing an additional 394 shares in the last quarter. Finally, First Business Financial Services Inc. lifted its position in shares of Toll Brothers by 4.0% in the 3rd quarter. First Business Financial Services Inc. now owns 14,579 shares of the construction company’s stock worth $2,014,000 after purchasing an additional 564 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Down 1.8%

Shares of TOL stock opened at $144.95 on Friday. The stock’s fifty day moving average price is $138.89 and its 200 day moving average price is $134.96. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $151.10. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64.

Toll Brothers (NYSE:TOL) last released its 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 return on equity of 16.74% and a net margin of 12.28%.The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the firm posted $4.63 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is currently 7.37%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TOL. Citigroup began coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Citizens Jmp began coverage on Toll Brothers in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $175.00 price target on the stock. Royal Bank Of Canada reduced their price target 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. Wells Fargo & Company upped their price objective on Toll Brothers from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Zacks Research lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.40.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.54% of the company’s stock.

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.