AGF Management Ltd. Takes Position in Toll Brothers Inc. $TOL

AGF Management Ltd. acquired a new stake in Toll Brothers Inc. (NYSE:TOL) in the third quarter, HoldingsChannel reports. The institutional investor acquired 109,271 shares of the construction company’s stock, valued at approximately $15,095,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of Toll Brothers by 28.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 7,009 shares of the construction company’s stock valued at $962,000 after purchasing an additional 1,555 shares during the period. Lebenthal Global Advisors LLC grew its holdings in shares of Toll Brothers by 7.5% during the third quarter. Lebenthal Global Advisors LLC now owns 5,345 shares of the construction company’s stock worth $738,000 after purchasing an additional 372 shares during the last quarter. Transcend Capital Advisors LLC raised its position in shares of Toll Brothers by 2.1% during the third quarter. Transcend Capital Advisors LLC now owns 6,558 shares of the construction company’s stock worth $906,000 after acquiring an additional 133 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Toll Brothers by 3.3% during the third quarter. Independent Advisor Alliance now owns 3,249 shares of the construction company’s stock worth $449,000 after buying an additional 105 shares during the last quarter. Finally, Keybank National Association OH bought a new position in Toll Brothers in the third quarter valued at approximately $203,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $145.46 on Tuesday. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $151.10. 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 fifty day simple moving average of $140.94 and a 200 day simple moving average of $136.16. The company has a market capitalization of $13.78 billion, a PE ratio of 10.73, a P/E/G ratio of 1.13 and a beta of 1.47.

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

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.37%.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TOL shares. UBS Group reduced their target price on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Citizens Jmp assumed coverage on Toll Brothers in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $175.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, January 21st. Zacks Research lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group increased their price objective on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $154.40.

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.