Toll Brothers Inc. $TOL Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Toll Brothers Inc. (NYSE:TOL) by 173.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 28,091 shares of the construction company’s stock after purchasing an additional 17,813 shares during the period. Pacer Advisors Inc.’s holdings in Toll Brothers were worth $3,880,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TOL. Ieq Capital LLC boosted its position in shares of Toll Brothers by 50.4% during the 1st quarter. Ieq Capital LLC now owns 23,000 shares of the construction company’s stock worth $2,429,000 after acquiring an additional 7,710 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Toll Brothers by 46.5% during the first quarter. Canada Pension Plan Investment Board now owns 74,700 shares of the construction company’s stock worth $7,888,000 after purchasing an additional 23,700 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Toll Brothers during the first quarter worth approximately $390,000. Vident Advisory LLC boosted its holdings in Toll Brothers by 30.0% in the first quarter. Vident Advisory LLC now owns 15,224 shares of the construction company’s stock valued at $1,608,000 after purchasing an additional 3,510 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Toll Brothers by 74.0% in the first quarter. Baird Financial Group Inc. now owns 29,681 shares of the construction company’s stock valued at $3,134,000 after purchasing an additional 12,626 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TOL. Zacks Research cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. UBS Group reduced their price target on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. BTIG Research initiated coverage on Toll Brothers in a report on Monday, December 1st. They set a “neutral” rating on the stock. Royal Bank Of Canada cut their target price on Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Finally, Evercore ISI restated an “in-line” rating and set a $160.00 price target (down previously from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $150.36.

Toll Brothers Stock Performance

NYSE TOL opened at $137.91 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $149.79. The business’s 50-day moving average price is $136.19 and its 200 day moving average price is $131.17. The firm has a market cap of $13.10 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.14 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the company earned $4.63 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.37%.

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.