United Services Automobile Association Acquires New Shares in Toro Company (The) $TTC

United Services Automobile Association acquired a new stake in shares of Toro Company (The) (NYSE:TTC) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,951 shares of the company’s stock, valued at approximately $509,000.

Several other hedge funds also recently modified their holdings of TTC. True Wealth Design LLC boosted its holdings in shares of Toro by 127.2% during the 4th quarter. True Wealth Design LLC now owns 368 shares of the company’s stock valued at $29,000 after acquiring an additional 206 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company’s stock valued at $36,000 after acquiring an additional 240 shares in the last quarter. Financial Harvest LLC bought a new position in Toro during the 1st quarter worth $42,000. Allworth Financial LP raised its position in Toro by 91.6% during the 1st quarter. Allworth Financial LP now owns 663 shares of the company’s stock worth $46,000 after purchasing an additional 317 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Toro by 81.2% during the 1st quarter. Versant Capital Management Inc now owns 868 shares of the company’s stock worth $63,000 after purchasing an additional 389 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird raised their target price on Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, September 5th. Longbow Research raised Toro from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, August 25th. Northland Capmk downgraded Toro from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th. DA Davidson increased their price target on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Finally, Northland Securities increased their price target on Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Toro has a consensus rating of “Moderate Buy” and a consensus target price of $92.60.

Toro Stock Performance

Shares of TTC opened at $78.58 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The stock has a 50-day moving average of $76.49 and a 200-day moving average of $73.62. The company has a market cap of $7.69 billion, a PE ratio of 23.81 and a beta of 0.80. Toro Company has a one year low of $62.34 and a one year high of $89.50.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 4th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.22 by $0.02. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. Toro had a return on equity of 28.98% and a net margin of 7.37%.The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.18 EPS. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, equities research analysts predict that Toro Company will post 4.41 EPS for the current fiscal year.

Insider Transactions at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $70.99, for a total transaction of $425,940.00. Following the completion of the transaction, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. The trade was a 34.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Toro Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.