5,036 Shares in Toll Brothers Inc. $TOL Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Toll Brothers Inc. (NYSE:TOLFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,036 shares of the construction company’s stock, valued at approximately $696,000.

Other institutional investors have also added to or reduced their stakes in the company. Candriam S.C.A. purchased a new stake in shares of Toll Brothers in the 3rd quarter worth approximately $5,407,000. Moody Aldrich Partners LLC increased its holdings in Toll Brothers by 93.7% during the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock valued at $3,762,000 after buying an additional 13,175 shares during the period. Alps Advisors Inc. purchased a new position in Toll Brothers during the third quarter valued at approximately $6,929,000. Allianz Asset Management GmbH raised 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 worth $31,345,000 after buying an additional 22,687 shares in the last quarter. Finally, Advisors Capital Management LLC bought a new position in Toll Brothers in the third quarter worth approximately $2,514,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

NYSE TOL opened at $137.86 on Friday. The firm’s fifty day simple moving average is $150.03 and its two-hundred day simple moving average is $141.62. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $168.36. The firm has a market capitalization of $13.06 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.12 and a beta of 1.45.

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

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were 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 $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TOL shares. JPMorgan Chase & Co. increased their target price on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Wells Fargo & Company upped their price objective on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group raised their price objective on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Finally, Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research note on Monday, February 23rd. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.25.

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Toll Brothers Company 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.

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

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