Toll Brothers Inc. $TOL Shares Newly Purchased by StoneX Group Inc.

StoneX Group Inc. bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,846 shares of the construction company’s stock, valued at approximately $533,000.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Toll Brothers during the second quarter valued at approximately $1,610,696,000. State Street Corp grew its stake in Toll Brothers by 4.4% during the second quarter. State Street Corp now owns 3,505,828 shares of the construction company’s stock worth $577,585,000 after buying an additional 146,163 shares during the period. Dimensional Fund Advisors LP grew its stake in Toll Brothers by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock worth $408,062,000 after buying an additional 100,718 shares during the period. Jennison Associates LLC grew its stake in Toll Brothers by 30.1% during the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after buying an additional 327,953 shares during the period. Finally, Bamco Inc. NY acquired a new stake in shares of Toll Brothers in the second quarter worth $166,250,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Melius Research assumed coverage on shares of Toll Brothers in a research note on Tuesday, October 6th. They issued a “buy” rating and a $179.00 target price on the stock. UBS Group lifted their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Barclays decreased their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating for the company in a research report on Tuesday, October 6th. Finally, Citigroup lowered their price target on Toll Brothers from $179.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $167.40.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $151.02 on Thursday. The company has a market cap of $13.92 billion, a P/E ratio of 12.12, a PEG ratio of 1.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The business’s 50-day simple moving average is $139.09 and its 200 day simple moving average is $144.45.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. Toll Brothers’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.73 EPS. On average, sell-side analysts forecast that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Insider Activity

In other news, Director Stephen East sold 800 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the transaction, the director directly owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by corporate insiders.

Toll Brothers Profile

Toll Brothers, Inc. is a U.S. homebuilding company focused primarily on designing, building, marketing and selling luxury residential properties. Its offerings include single-family detached homes, townhomes and condominiums, as well as age-qualified communities and urban high-rise residences. Founded in 1967 by brothers Bob and Bruce Toll, the company has expanded from its Pennsylvania roots to serve homebuyers in markets across the United States. Its communities are generally designed for move-up, luxury and active-adult buyers.