Gamco Investors INC. ET AL Purchases 5,550 Shares of Toll Brothers Inc. $TOL

Gamco Investors INC. ET AL increased its position in Toll Brothers Inc. (NYSE:TOLFree Report) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,400 shares of the construction company’s stock after buying an additional 5,550 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Toll Brothers were worth $5,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TOL. Orion Porfolio Solutions LLC boosted its position in Toll Brothers by 120.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,540 shares of the construction company’s stock worth $2,285,000 after buying an additional 9,042 shares during the period. Dimensional Fund Advisors LP increased its position in Toll Brothers by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock valued at $400,745,000 after acquiring an additional 39,987 shares during the period. Montag A & Associates Inc. bought a new position in shares of Toll Brothers during the third quarter valued at $1,209,000. Great Lakes Retirement Inc. raised its stake in shares of Toll Brothers by 7.4% during the third quarter. Great Lakes Retirement Inc. now owns 13,513 shares of the construction company’s stock valued at $1,867,000 after acquiring an additional 928 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of Toll Brothers by 8.7% during the third quarter. Cresset Asset Management LLC now owns 7,375 shares of the construction company’s stock worth $1,019,000 after purchasing an additional 592 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $147.55 on Monday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $168.36. The firm has a fifty day simple moving average of $149.44 and a 200 day simple moving average of $141.48. The company has a market capitalization of $13.97 billion, a PE ratio of 10.54, a P/E/G ratio of 1.15 and a beta of 1.45. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32.

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

Toll Brothers Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.14%.

Insider Activity

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers 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 directly 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 SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by corporate insiders.

More Toll Brothers News

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial began coverage on shares of Toll Brothers in a research note on Wednesday, March 4th. They issued a “buy” rating and a $190.00 price objective on the stock. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a research report on Monday, February 23rd. The Goldman Sachs Group lifted their target price on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company increased their price target on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.25.

Check Out Our Latest Stock Analysis on Toll Brothers

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.

See Also

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

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