3,846 Shares in Toll Brothers Inc. $TOL Bought by StoneX Group Inc.

StoneX Group Inc. acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,846 shares of the construction company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Toll Brothers during the second quarter worth $1,610,696,000. State Street Corp lifted its position in shares of Toll Brothers by 4.4% in the second quarter. State Street Corp now owns 3,505,828 shares of the construction company’s stock valued at $577,585,000 after acquiring an additional 146,163 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after acquiring an additional 100,718 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Toll Brothers by 30.1% during the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after acquiring an additional 327,953 shares during the last quarter. Finally, Bamco Inc. NY purchased a new stake in Toll Brothers during the 2nd quarter worth about $166,250,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total value of $108,792.00. Following the transaction, the director owned 12,642 shares in the company, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $151.02 on Thursday. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.92 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.13 and a beta of 1.30. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The firm’s 50 day moving average is $139.09 and its two-hundred day moving average is $144.45.

Toll Brothers (NYSE:TOL) last announced 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 net margin of 11.14% and a return on equity of 14.21%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company earned $3.73 EPS. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. Analysts expect that Toll Brothers Inc. will post 12.80 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 9th. Toll Brothers’s dividend payout ratio (DPR) is 8.35%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Toll Brothers from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, November 3rd. Truist Financial raised their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Barclays lowered their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating for the company in a report on Tuesday, October 6th. 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, Royal Bank Of Canada reduced their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.40.

About Toll Brothers

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.