Bamco Inc. NY Acquires 611,523 Shares of Toll Brothers Inc. $TOL

Bamco Inc. NY grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 116.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,134,680 shares of the construction company’s stock after buying an additional 611,523 shares during the quarter. Bamco Inc. NY’s holdings in Toll Brothers were worth $129,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in shares of Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Toll Brothers by 128.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after buying an additional 249 shares during the period. Pinnacle Holdings LLC lifted its stake in Toll Brothers by 136.0% in the first quarter. Pinnacle Holdings LLC now owns 472 shares of the construction company’s stock worth $50,000 after acquiring an additional 272 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Toll Brothers in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TOL shares. Barclays raised their price objective on Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Toll Brothers in a research report on Thursday, September 18th. JPMorgan Chase & Co. cut their price target on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight 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 has an average rating of “Moderate Buy” and an average target price of $150.36.

Toll Brothers Trading Down 0.5%

Shares of TOL stock opened at $139.13 on Friday. The stock’s fifty day moving average is $134.80 and its two-hundred day moving average is $128.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 4.38. The firm has a market capitalization of $13.41 billion, a P/E ratio of 10.26, a PEG ratio of 1.09 and a beta of 1.39. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $149.79.

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

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.37%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.