Alps Advisors Inc. Acquires New Holdings in Toll Brothers Inc. $TOL

Alps Advisors Inc. acquired a new stake in Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 50,156 shares of the construction company’s stock, valued at approximately $6,929,000. Alps Advisors Inc. owned about 0.05% of Toll Brothers at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC increased its position in 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 worth $297,650,000 after buying an additional 1,183,304 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Toll Brothers by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock worth $229,586,000 after acquiring an additional 78,035 shares during the last quarter. Norges Bank bought a new position in Toll Brothers during the second quarter worth $154,782,000. Holocene Advisors LP raised its stake in Toll Brothers by 150.7% during the 2nd quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after purchasing an additional 751,255 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in Toll Brothers by 116.9% in the 2nd quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after purchasing an additional 611,523 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TOL. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a report on Thursday, December 11th. UBS Group lowered their price objective on Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. JPMorgan Chase & Co. reduced 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. Finally, BTIG Research initiated coverage on shares of Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $154.40.

Toll Brothers Trading Up 1.7%

Shares of TOL opened at $153.21 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.20 and a beta of 1.47. The stock has a fifty day moving average price of $141.75 and a two-hundred day moving average price of $136.96. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $155.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.63 EPS. Analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given 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 dividend payout ratio (DPR) is currently 7.37%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Profile

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.