Toll Brothers Inc. $TOL Shares Newly Purchased by Sacks & Associates LLC

Sacks & Associates LLC bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,521 shares of the construction company’s stock, valued at approximately $1,013,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TOL. Wedmont Private Capital boosted its position in Toll Brothers by 115.6% in the third quarter. Wedmont Private Capital now owns 4,136 shares of the construction company’s stock valued at $558,000 after buying an additional 2,218 shares in the last quarter. GAMMA Investing LLC raised its holdings in Toll Brothers by 3.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,883 shares of the construction company’s stock valued at $523,000 after buying an additional 127 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Toll Brothers by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,674 shares of the construction company’s stock worth $360,000 after purchasing an additional 571 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Toll Brothers by 5.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,325 shares of the construction company’s stock worth $313,000 after buying an additional 112 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Toll Brothers by 9.8% in the second quarter. QRG Capital Management Inc. now owns 11,858 shares of the construction company’s stock worth $1,954,000 after acquiring an additional 1,059 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the sale, the director directly owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. The trade was a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. UBS Group boosted their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Evercore set a $184.00 target price on shares of Toll Brothers in a research note on Friday, September 25th. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Finally, Barclays decreased their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating for the company in a research note on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.07.

Toll Brothers Stock Performance

NYSE TOL opened at $133.25 on Friday. The company has a fifty day simple moving average of $141.48 and a 200 day simple moving average of $143.08. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The company has a market cap of $12.28 billion, a P/E ratio of 10.69, a PEG ratio of 1.09 and a beta of 1.31.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.73 earnings per share. Sell-side analysts predict that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.04 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is presently 8.35%.

Toll Brothers Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.