Retireful LLC Makes New Investment in Toll Brothers Inc. $TOL

Retireful LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,993 shares of the construction company’s stock, valued at approximately $828,000.

A number of other hedge funds have also recently added to or reduced their stakes in TOL. Jump Financial LLC boosted its holdings in shares of Toll Brothers by 119.3% in the first quarter. Jump Financial LLC now owns 6,841 shares of the construction company’s stock valued at $722,000 after acquiring an additional 3,721 shares during the period. Gabelli Funds LLC increased its stake in Toll Brothers by 6.9% in the first quarter. Gabelli Funds LLC now owns 7,700 shares of the construction company’s stock valued at $813,000 after purchasing an additional 500 shares during the period. Ieq Capital LLC boosted its stake in shares of Toll Brothers by 50.4% during the first quarter. Ieq Capital LLC now owns 23,000 shares of the construction company’s stock worth $2,429,000 after buying an additional 7,710 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Toll Brothers by 46.5% during the first quarter. Canada Pension Plan Investment Board now owns 74,700 shares of the construction company’s stock worth $7,888,000 after buying an additional 23,700 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Toll Brothers in the 1st quarter valued at about $390,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. BTIG Research initiated coverage on Toll Brothers in a research note on Monday, December 1st. They set a “neutral” rating for the company. Evercore ISI reiterated an “in-line” rating and issued a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $140.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 10th. Finally, Argus raised their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.36.

Toll Brothers Stock Down 0.3%

Shares of NYSE TOL opened at $139.10 on Monday. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $136.15 and a 200 day moving average price of $130.98. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.79. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the business posted $4.63 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

About Toll Brothers

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.