Montag A & Associates Inc. Boosts Stock Position in Toll Brothers Inc. $TOL

Montag A & Associates Inc. increased its stake in Toll Brothers Inc. (NYSE:TOL) by 94.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,012 shares of the construction company’s stock after acquiring an additional 8,258 shares during the period. Montag A & Associates Inc.’s holdings in Toll Brothers were worth $2,300,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TOL. Sivia Capital Partners LLC bought a new position in Toll Brothers in the second quarter worth about $705,000. Brown Advisory Inc. raised its stake in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after buying an additional 186 shares in the last quarter. NewEdge Advisors LLC raised its stake in Toll Brothers by 5.8% in the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after buying an additional 340 shares in the last quarter. Sei Investments Co. raised its stake in Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after buying an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Toll Brothers by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after buying an additional 700 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Toll Brothers from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. The Goldman Sachs Group increased their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Barclays decreased their price target on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.44.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $139.98 on Monday. Toll Brothers Inc. has a fifty-two week low of $100.92 and a fifty-two week high of $168.36. The company has a 50 day simple moving average of $143.48 and a two-hundred day simple moving average of $141.87. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that Toll Brothers Inc. will post 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a dividend of $0.26 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, April 10th. Toll Brothers’s payout ratio is 7.43%.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the transaction, the chief executive officer owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. This trade represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were 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 of the company’s stock, valued at $1,877,847.40. This represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Company 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.