Montag A & Associates Inc. Boosts Stock Holdings in Toll Brothers Inc. $TOL

Montag A & Associates Inc. lifted its stake in Toll Brothers Inc. (NYSE:TOL) by 63.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,758 shares of the construction company’s stock after buying an additional 10,746 shares during the period. Montag A & Associates Inc.’s holdings in Toll Brothers were worth $3,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greenhaven Associates Inc. increased its stake in Toll Brothers by 0.4% in the 4th quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after purchasing an additional 22,218 shares during the period. Capital World Investors raised its stake in shares of Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after acquiring an additional 1,763,211 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the period. Holocene Advisors LP boosted its holdings in shares of Toll Brothers by 78.0% during the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after purchasing an additional 974,567 shares during the period. Finally, Norges Bank bought a new stake in shares of Toll Brothers in the fourth quarter worth about $168,312,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 2.4%

Shares of NYSE:TOL opened at $151.37 on Wednesday. The firm has a market capitalization of $14.15 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.28 and a beta of 1.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a 50 day moving average price of $144.02 and a 200-day moving average price of $144.63. Toll Brothers Inc. has a 52-week low of $113.52 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 earnings per share. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.87%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Evercore reaffirmed an “outperform” rating and set a $185.00 price target on shares of Toll Brothers in a research report on Thursday, May 21st. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. Truist Financial decreased their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Benchmark began coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the transaction, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,457 shares of company stock valued at $13,468,657 in the last three months. 1.37% of the stock is currently owned by company insiders.

Toll Brothers 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.