Havemeyer Place LP Makes New Investment in Toll Brothers Inc. $TOL

Havemeyer Place LP purchased a new stake in Toll Brothers Inc. (NYSE:TOL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,177 shares of the construction company’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $28,000. Ramirez Asset Management Inc. purchased a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $34,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Down 0.5%

Toll Brothers stock opened at $137.23 on Tuesday. Toll Brothers Inc. has a 1-year low of $104.09 and a 1-year high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a market cap of $12.83 billion, a PE ratio of 10.38, a P/E/G ratio of 1.14 and a beta of 1.36. The stock’s fifty day moving average is $138.16 and its two-hundred day moving average is $142.11.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect that Toll Brothers Inc. will post 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. UBS Group cut their price target on Toll Brothers from $198.00 to $187.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Wells Fargo & Company raised 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. Barclays cut their price target on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.13.

About Toll Brothers

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.