Pinebridge Investments LLC Acquires New Stake in Toll Brothers Inc. $TOL

Pinebridge Investments LLC bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,092 shares of the construction company’s stock, valued at approximately $1,770,000.

Other institutional investors have also added to or reduced their stakes in the company. Candriam S.C.A. purchased a new stake in Toll Brothers during the 3rd quarter valued at $5,407,000. Allspring Global Investments Holdings LLC boosted its stake in Toll Brothers by 25.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock valued at $14,694,000 after purchasing an additional 21,907 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Toll Brothers during the 3rd quarter valued at $6,929,000. Advisors Capital Management LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at $2,514,000. Finally, Rhumbline Advisers boosted its stake in Toll Brothers by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 268,843 shares of the construction company’s stock valued at $37,138,000 after purchasing an additional 7,388 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TOL shares. Weiss Ratings downgraded Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. Royal Bank Of Canada cut their target price on Toll Brothers from $161.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Wells Fargo & Company increased their target price on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

Toll Brothers Stock Performance

TOL stock opened at $137.23 on Tuesday. The company has a market cap of $12.83 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. Toll Brothers Inc. has a 1 year low of $104.09 and a 1 year high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock’s fifty day moving average price is $138.16 and its 200-day moving average price is $142.11.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. On average, equities analysts forecast that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, April 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Insiders Place Their Bets

In related news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director directly owned 13,442 shares in the company, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

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.