Roman Butler Fullerton & Co. Acquires Shares of 4,275 Toll Brothers Inc. $TOL

Roman Butler Fullerton & Co. bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,275 shares of the construction company’s stock, valued at approximately $575,000.

Several other hedge funds have also modified their holdings of TOL. Norges Bank purchased a new position in Toll Brothers in the second quarter worth $154,782,000. AQR Capital Management LLC grew its stake in shares of Toll Brothers by 83.1% during the 2nd 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 period. Holocene Advisors LP increased its holdings in shares of Toll Brothers by 150.7% in the 2nd quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after purchasing an additional 751,255 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of 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 purchasing an additional 611,523 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Toll Brothers by 643.8% in the second quarter. Ieq Capital LLC now owns 171,066 shares of the construction company’s stock valued at $19,524,000 after purchasing an additional 148,066 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $153.21 on Monday. 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 business’s fifty day moving average price is $141.75 and its two-hundred day moving average price is $136.96. The stock has a market cap of $14.52 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $155.52.

Toll Brothers (NYSE:TOL) last issued 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 company had revenue of $3.42 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.63 earnings per share. On average, analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TOL shares. Citigroup began coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Zacks Research cut Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. The Goldman Sachs Group lifted their price objective on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wells Fargo & Company upped their target price on Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods dropped their price target on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.40.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the business’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 owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

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.