Bank of New York Mellon Corp Raises Stake in Toll Brothers Inc. $TOL

Bank of New York Mellon Corp grew its stake in Toll Brothers Inc. (NYSE:TOL) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,020,250 shares of the construction company’s stock after acquiring an additional 18,834 shares during the quarter. Bank of New York Mellon Corp owned about 1.06% of Toll Brothers worth $140,937,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its position in Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after purchasing an additional 1,183,304 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Toll Brothers by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock worth $229,586,000 after buying an additional 78,035 shares during the last quarter. Norges Bank purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at approximately $154,782,000. Holocene Advisors LP lifted its holdings in Toll Brothers by 150.7% in the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after acquiring an additional 751,255 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in Toll Brothers by 116.9% in the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after acquiring an additional 611,523 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 1.8%

Shares of NYSE:TOL opened at $144.43 on Friday. The firm has a market capitalization of $13.72 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.15 and a beta of 1.43. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $151.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. The firm’s 50-day moving average is $140.63 and its two-hundred day moving average is $135.83.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 12.28% and a return on equity of 16.74%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.63 EPS. Analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given 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 dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.37%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, January 21st. Bank of America reduced their price objective on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. 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, Citigroup initiated coverage on shares of Toll Brothers in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $154.40.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The stock was 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.54% of the company’s stock.

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.