Capital International Inc. CA Purchases Shares of 37,249 Toll Brothers Inc. $TOL

Capital International Inc. CA acquired a new position in Toll Brothers Inc. (NYSE:TOL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,249 shares of the construction company’s stock, valued at approximately $5,146,000.

A number of other large investors have also modified their holdings of the company. Norges Bank bought a new position in Toll Brothers in the second quarter worth $154,782,000. AQR Capital Management LLC raised its stake in shares of Toll Brothers by 83.1% in the 2nd 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 in the last quarter. Holocene Advisors LP lifted its holdings in shares of Toll Brothers by 150.7% during the 2nd 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. Victory Capital Management Inc. lifted its holdings in shares of Toll Brothers by 209.8% during the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after acquiring an additional 621,117 shares during the period. Finally, Bamco Inc. NY boosted its position in shares of Toll Brothers by 116.9% during the 2nd quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after acquiring an additional 611,523 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of TOL stock opened at $143.19 on Thursday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $168.36. The stock has a market capitalization of $13.56 billion, a PE ratio of 10.23, a PEG ratio of 1.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The stock’s fifty day moving average is $149.97 and its 200-day moving average is $141.65.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $1.75 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. This trade represents a 12.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on 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 sale, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BTIG Research began coverage on shares of Toll Brothers in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Royal Bank Of Canada lifted their price objective on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. UBS Group upped their price objective on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Zacks Research raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $165.25.

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.