5,036 Shares in Toll Brothers Inc. $TOL Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Toll Brothers Inc. (NYSE:TOLFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,036 shares of the construction company’s stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Candriam S.C.A. bought a new stake in Toll Brothers in the third quarter worth $5,407,000. Moody Aldrich Partners LLC boosted its stake in Toll Brothers by 93.7% during the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after buying an additional 13,175 shares during the period. Alps Advisors Inc. bought a new position in Toll Brothers during the third quarter valued at $6,929,000. Allianz Asset Management GmbH increased its position in Toll Brothers by 11.1% during the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after acquiring an additional 22,687 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new stake in shares of Toll Brothers in the third quarter valued at $2,514,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 3.8%

NYSE TOL opened at $137.86 on Friday. The stock has a market cap of $13.06 billion, a PE ratio of 9.85, a PEG ratio of 1.12 and a beta of 1.45. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $168.36. The company’s 50-day moving average price is $150.03 and its 200-day moving average price is $141.62. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.26 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers’s payout ratio is presently 7.14%.

Key Toll Brothers News

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

Wall Street Analysts Forecast Growth

TOL has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Citizens Jmp reissued a “market outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, February 18th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Wells Fargo & Company boosted their target price on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their target price on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.25.

Get Our Latest Stock Analysis on TOL

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction that occurred 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 completion of 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 SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by insiders.

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.

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

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