American Century Companies Inc. Purchases 34,432 Shares of Toll Brothers Inc. $TOL

American Century Companies Inc. boosted its position in Toll Brothers Inc. (NYSE:TOLFree Report) by 19.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 207,807 shares of the construction company’s stock after purchasing an additional 34,432 shares during the period. American Century Companies Inc. owned about 0.22% of Toll Brothers worth $28,706,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. Rafferty Asset Management LLC increased its position in Toll Brothers by 81.8% during the third quarter. Rafferty Asset Management LLC now owns 149,878 shares of the construction company’s stock worth $20,704,000 after buying an additional 67,445 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $2,408,000. Caitlin John LLC boosted its stake in shares of Toll Brothers by 9.0% during the 3rd quarter. Caitlin John LLC now owns 3,381 shares of the construction company’s stock worth $467,000 after acquiring an additional 278 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Toll Brothers by 25.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 32,400 shares of the construction company’s stock worth $4,476,000 after acquiring an additional 6,600 shares during the last quarter. Finally, TIAA Trust National Association acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $317,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TOL. Royal Bank Of Canada raised their price target on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Barclays restated an “underweight” rating on shares of Toll Brothers in a research note on Monday, February 23rd. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Truist Financial began coverage on shares of Toll Brothers in a research note on Wednesday, March 4th. They issued a “buy” rating and a $190.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.25.

Get Our Latest Report on Toll Brothers

Insider Activity

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $147.55 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The stock’s fifty day moving average price is $149.44 and its two-hundred day moving average price is $141.48. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.15 and a beta of 1.45.

Toll Brothers (NYSE:TOLGet Free Report) last posted its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a $0.25 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is 7.14%.

More Toll Brothers News

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

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.

Featured Articles

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

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.