Burney Co. Has $6.49 Million Stake in Toll Brothers Inc. $TOL

Burney Co. trimmed its position in shares of Toll Brothers Inc. (NYSE:TOL) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,984 shares of the construction company’s stock after selling 4,310 shares during the period. Burney Co.’s holdings in Toll Brothers were worth $6,490,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TOL. Norges Bank acquired a new position in shares of Toll Brothers during the 2nd quarter worth about $154,782,000. AQR Capital Management LLC increased its position in Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares during the period. Holocene Advisors LP lifted its holdings in shares of Toll Brothers by 150.7% during the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock worth $142,631,000 after buying an additional 751,255 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Toll Brothers by 116.9% during the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock worth $129,501,000 after buying an additional 611,523 shares during the last quarter. Finally, Amundi boosted its position in shares of Toll Brothers by 429.1% in the first quarter. Amundi now owns 316,888 shares of the construction company’s stock valued at $31,179,000 after acquiring an additional 256,996 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

NYSE:TOL opened at $139.10 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38. The company has a 50-day moving average of $136.15 and a 200-day moving average of $130.70. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.79. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.15 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $4.63 EPS. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TOL. Royal Bank Of Canada dropped their target price on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Citigroup dropped their price objective on shares of Toll Brothers from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.36.

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.