Gamco Investors INC. ET AL Has $5.31 Million Stock Holdings in Toll Brothers Inc. $TOL

Gamco Investors INC. ET AL raised its stake in Toll Brothers Inc. (NYSE:TOLFree Report) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,400 shares of the construction company’s stock after purchasing an additional 5,550 shares during the period. Gamco Investors INC. ET AL’s holdings in Toll Brothers were worth $5,305,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Candriam S.C.A. acquired a new position in Toll Brothers during the 3rd quarter worth approximately $5,407,000. Moody Aldrich Partners LLC boosted its holdings in Toll Brothers by 93.7% in the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after acquiring an additional 13,175 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Toll Brothers in the third quarter valued at approximately $6,929,000. Allianz Asset Management GmbH grew its stake in Toll Brothers by 11.1% in the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after acquiring an additional 22,687 shares during the period. Finally, Advisors Capital Management LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $2,514,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Monday, December 1st. They issued a “neutral” rating for the company. Barclays restated an “underweight” rating on shares of Toll Brothers in a research note on Monday, February 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.25.

Get Our Latest Stock Analysis on TOL

Toll Brothers Stock Down 1.4%

Shares of NYSE:TOL opened at $147.55 on Monday. The business’s 50 day moving average is $149.44 and its 200 day moving average is $141.48. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $168.36. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.15 and a beta of 1.45. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $1.75 EPS. Toll Brothers’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were issued a $0.25 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.14%.

More Toll Brothers News

Here are the key news stories impacting Toll Brothers this week:

Insider Activity

In related news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares in the company, valued at approximately $51,535,887.52. This trade represents a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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