WINTON GROUP Ltd Boosts Stake in Toll Brothers Inc. $TOL

WINTON GROUP Ltd grew its position in shares of Toll Brothers Inc. (NYSE:TOL) by 768.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,100 shares of the construction company’s stock after buying an additional 57,600 shares during the quarter. WINTON GROUP Ltd’s holdings in Toll Brothers were worth $8,993,000 as of its most recent filing with the Securities & Exchange Commission.

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

Toll Brothers Trading Down 1.4%

Shares of Toll Brothers stock opened at $147.55 on Monday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $168.36. The stock’s 50-day simple moving average is $149.44 and its 200 day simple moving average is $141.48. The stock has a market capitalization of $13.97 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57.

Toll Brothers (NYSE:TOL) last released 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 business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 earnings per share. As a group, research analysts anticipate 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. Investors of record on Friday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio is presently 7.14%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Citigroup raised their target price on Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Truist Financial assumed coverage on shares of Toll Brothers in a report on Wednesday, March 4th. They set a “buy” rating and a $190.00 price objective for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Finally, Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.25.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction 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 sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares in the company, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Company Profile

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.