4,515 Toll Brothers Inc. $TOL Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 927.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,002 shares of the construction company’s stock after acquiring an additional 4,515 shares during the period. Fulcrum Asset Management LLP’s holdings in Toll Brothers were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Burton Enright Welch purchased a new position in Toll Brothers during the third quarter valued at $208,000. Ethic Inc. boosted its holdings in Toll Brothers by 28.6% in the third quarter. Ethic Inc. now owns 4,829 shares of the construction company’s stock worth $651,000 after acquiring an additional 1,074 shares in the last quarter. StoneX Group Inc. bought a new stake in Toll Brothers in the third quarter worth $533,000. Kornitzer Capital Management Inc. KS grew its stake in shares of Toll Brothers by 0.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 32,324 shares of the construction company’s stock worth $4,356,000 after acquiring an additional 82 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Toll Brothers by 9.7% in the third quarter. Parallel Advisors LLC now owns 2,008 shares of the construction company’s stock worth $271,000 after acquiring an additional 178 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen East sold 800 shares of the company’s stock in a transaction 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 transaction, the director directly owned 12,642 shares of the company’s stock, valued at $1,719,185.58. This represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TOL. Morgan Stanley raised their price target on Toll Brothers from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Royal Bank Of Canada dropped their price target on shares of Toll Brothers from $158.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Evercore set a $184.00 price objective on shares of Toll Brothers in a research report on Friday, September 25th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Finally, Stonex Financial upgraded shares of Toll Brothers to a “strong-buy” rating in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.40.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $148.02 on Friday. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The firm has a market cap of $13.64 billion, a P/E ratio of 12.12, a PEG ratio of 1.12 and a beta of 1.30. The company has a 50 day moving average of $139.24 and a 200 day moving average of $144.47. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32.

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

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a $0.26 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s payout ratio is currently 8.35%.

Toll Brothers Profile

Toll Brothers, Inc. is a U.S. homebuilding company focused primarily on designing, building, marketing and selling luxury residential properties. Its offerings include single-family detached homes, townhomes and condominiums, as well as age-qualified communities and urban high-rise residences. Founded in 1967 by brothers Bob and Bruce Toll, the company has expanded from its Pennsylvania roots to serve homebuyers in markets across the United States. Its communities are generally designed for move-up, luxury and active-adult buyers.