Candriam S.C.A. Makes New $5.41 Million Investment in Toll Brothers Inc. $TOL

Candriam S.C.A. acquired a new position in shares of Toll Brothers Inc. (NYSE:TOLFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,138 shares of the construction company’s stock, valued at approximately $5,407,000.

Several other hedge funds have also recently made changes to their positions in the company. Roman Butler Fullerton & Co. acquired a new stake in Toll Brothers during the 3rd quarter worth about $575,000. Alps Advisors Inc. acquired a new position in shares of Toll Brothers in the third quarter valued at about $6,929,000. SlateStone Wealth LLC raised its stake in shares of Toll Brothers by 1.2% in the third quarter. SlateStone Wealth LLC now owns 42,100 shares of the construction company’s stock worth $5,816,000 after purchasing an additional 502 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Toll Brothers by 5.9% during the third quarter. Bessemer Group Inc. now owns 1,681 shares of the construction company’s stock worth $233,000 after purchasing an additional 93 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in Toll Brothers by 267.5% in the third quarter. SBI Securities Co. Ltd. now owns 3,216 shares of the construction company’s stock valued at $444,000 after buying an additional 2,341 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Toll Brothers from $155.00 to $177.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group decreased their target price on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. JPMorgan Chase & Co. reduced their price objective on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Keefe, Bruyette & Woods lowered their target price on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a research note on Thursday, December 11th. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.87.

Read Our Latest Report on TOL

Toll Brothers Stock Up 0.2%

TOL stock opened at $161.63 on Thursday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $162.16. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $142.83 and a 200-day simple moving average of $137.61. The stock has a market capitalization of $15.31 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.27 and a beta of 1.47.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.32 billion. During the same period in the prior year, the business posted $4.63 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is presently 7.37%.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Key Headlines Impacting Toll Brothers

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

Toll Brothers Company 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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