Toll Brothers Inc. $TOL Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. raised its position in Toll Brothers Inc. (NYSE:TOL) by 38.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,892 shares of the construction company’s stock after purchasing an additional 3,585 shares during the quarter. Cibc World Market Inc.’s holdings in Toll Brothers were worth $1,781,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TOL. Norges Bank purchased a new position in Toll Brothers in the second quarter valued at approximately $154,782,000. AQR Capital Management LLC increased its position in shares of Toll Brothers by 83.1% in the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after acquiring an additional 1,183,304 shares in the last quarter. Holocene Advisors LP raised its stake in shares of Toll Brothers by 150.7% in the 2nd quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after acquiring an additional 751,255 shares during the period. Bamco Inc. NY lifted its holdings 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. Finally, Ieq Capital LLC lifted its holdings in shares of Toll Brothers by 643.8% during the 2nd quarter. Ieq Capital LLC now owns 171,066 shares of the construction company’s stock valued at $19,524,000 after acquiring an additional 148,066 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 2.2%

Shares of Toll Brothers stock opened at $166.18 on Tuesday. 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 business has a 50-day moving average price of $144.40 and a 200 day moving average price of $138.65. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $168.36. The firm has a market cap of $15.75 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.30 and a beta of 1.47.

Toll Brothers (NYSE:TOL) 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 firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm posted $4.63 earnings per share. Toll Brothers’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Zacks Research raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Citizens Jmp began coverage on Toll Brothers in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $175.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Citigroup began coverage on shares of Toll Brothers in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $155.87.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.37% of the company’s stock.

Toll Brothers Company 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.