Toll Brothers Inc. $TOL Stake Lifted by Cibc World Market Inc.

Cibc World Market Inc. raised its stake in Toll Brothers Inc. (NYSE:TOL) by 38.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,892 shares of the construction company’s stock after buying an additional 3,585 shares during the quarter. Cibc World Market Inc.’s holdings in Toll Brothers were worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Toll Brothers in the 3rd quarter worth about $44,000. FNY Investment Advisers LLC acquired a new stake in shares of Toll Brothers in the second quarter valued at approximately $64,000. Global Retirement Partners LLC raised its holdings in shares of Toll Brothers by 1,112.8% during the third quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock valued at $79,000 after buying an additional 523 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Toll Brothers by 201.7% during the second quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock worth $100,000 after buying an additional 585 shares during the period. Finally, True Wealth Design LLC grew its holdings in Toll Brothers by 1,882.2% in the 2nd quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock worth $102,000 after buying an additional 847 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Up 2.2%

TOL stock opened at $166.18 on Tuesday. 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 has a market capitalization of $15.75 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.30 and a beta of 1.47. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $168.36. The company’s 50 day simple moving average is $144.40 and its 200-day simple moving average is $138.65.

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

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, January 9th. Toll Brothers’s dividend payout ratio is currently 7.37%.

Analysts Set New Price Targets

Several analysts have weighed in on TOL shares. Citizens Jmp began coverage on Toll Brothers in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $175.00 target price on the stock. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Wells Fargo & Company raised their target price on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. UBS Group dropped their price target on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Finally, BTIG Research began coverage on shares of Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.87.

Toll Brothers 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.