Sacks & Associates LLC Buys 7,521 Shares of Toll Brothers Inc. $TOL

Sacks & Associates LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,521 shares of the construction company’s stock, valued at approximately $1,013,000.

A number of other large investors also recently made changes to their positions in TOL. Mariner Investment Group LLC bought a new position in shares of Toll Brothers in the second quarter valued at approximately $1,648,000. Ceredex Value Advisors LLC bought a new stake in Toll Brothers during the second quarter worth $37,012,000. Amundi boosted its position in Toll Brothers by 138.4% in the second quarter. Amundi now owns 174,655 shares of the construction company’s stock worth $28,774,000 after purchasing an additional 101,405 shares during the last quarter. Meeder Advisory Services Inc. purchased a new position in Toll Brothers in the second quarter worth $862,000. Finally, iA Global Asset Management Inc. bought a new position in Toll Brothers in the 2nd quarter valued at $44,696,000. 91.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the transaction, the director owned 12,642 shares in the company, valued at $1,719,185.58. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TOL. Citigroup raised their target price on Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Barclays reduced their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating for the company in a research report on Tuesday. Morgan Stanley began coverage on shares of Toll Brothers in a report on Thursday, October 1st. They set an “overweight” rating and a $159.00 price objective for the company. Melius Research began coverage on shares of Toll Brothers in a research report on Tuesday. They issued a “buy” rating and a $179.00 price objective on the stock. Finally, Evercore set a $184.00 target price on shares of Toll Brothers in a research note on Friday, September 25th. Fourteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $168.07.

Toll Brothers Stock Performance

NYSE:TOL opened at $133.25 on Friday. The company has a market capitalization of $12.28 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.09 and a beta of 1.31. The business has a fifty day simple moving average of $141.48 and a two-hundred day simple moving average of $143.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, analysts expect that Toll Brothers Inc. will post 12.80 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.04 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio is 8.35%.

Toll Brothers Company Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.