Toll Brothers Inc. $TOL Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its stake in shares of Toll Brothers Inc. (NYSE:TOLFree Report) by 81.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 149,878 shares of the construction company’s stock after buying an additional 67,445 shares during the quarter. Rafferty Asset Management LLC owned 0.16% of Toll Brothers worth $20,704,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sivia Capital Partners LLC acquired a new stake in Toll Brothers in the second quarter valued at approximately $705,000. Envestnet Asset Management Inc. grew its holdings in Toll Brothers by 4.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 51,934 shares of the construction company’s stock valued at $5,927,000 after purchasing an additional 2,398 shares in the last quarter. Bessemer Group Inc. grew its holdings in Toll Brothers by 347.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,588 shares of the construction company’s stock valued at $182,000 after purchasing an additional 1,233 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Toll Brothers by 1,320.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,293 shares of the construction company’s stock worth $148,000 after buying an additional 1,202 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Toll Brothers by 1.3% in the 2nd quarter. Assetmark Inc. now owns 186,446 shares of the construction company’s stock worth $21,279,000 after buying an additional 2,386 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers 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 value of $581,586.20. Following the transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares of the company’s stock, valued at $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. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research report 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 note on Tuesday, January 13th. UBS Group upped their target price on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Citizens Jmp reiterated a “market outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, February 18th. Finally, Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $163.60.

Get Our Latest Stock Analysis on TOL

Toll Brothers Price Performance

Shares of TOL opened at $157.23 on Friday. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.23 and a beta of 1.47. The stock has a 50 day moving average of $148.19 and a 200-day moving average of $140.71. 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 52 week low of $86.67 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.14. The business had revenue of $2.15 billion for 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 was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. As a group, analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Toll Brothers’s payout ratio is 7.14%.

Trending Headlines about Toll Brothers

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

About Toll Brothers

(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.

Recommended Stories

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOLFree Report).

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

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.