Gabelli Funds LLC Acquires 10,500 Shares of Toll Brothers Inc. $TOL

Gabelli Funds LLC grew its holdings in Toll Brothers Inc. (NYSE:TOL) by 136.4% during the third quarter, HoldingsChannel.com reports. The firm owned 18,200 shares of the construction company’s stock after acquiring an additional 10,500 shares during the quarter. Gabelli Funds LLC’s holdings in Toll Brothers were worth $2,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock valued at $400,745,000 after purchasing an additional 39,987 shares during the period. AQR Capital Management LLC increased its stake in Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Toll Brothers by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock valued at $229,586,000 after buying an additional 78,035 shares in the last quarter. Norges Bank bought a new stake in Toll Brothers during the 2nd quarter valued at about $154,782,000. Finally, Holocene Advisors LP boosted its position in 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 buying an additional 751,255 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of research analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, February 18th. Truist Financial assumed coverage on shares of Toll Brothers in a research note on Wednesday, March 4th. They set a “buy” rating and a $190.00 price target for the company. UBS Group increased their price objective on Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Evercore set a $174.00 price objective on Toll Brothers in a report on Thursday, February 19th. Finally, BTIG Research assumed coverage on Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.25.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction 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 sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

Toll Brothers Trading Down 1.0%

NYSE:TOL opened at $145.71 on Wednesday. The firm has a 50-day simple moving average of $149.81 and a 200-day simple moving average of $141.64. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36. The firm has a market cap of $13.80 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57.

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

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

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.