Vest Financial LLC Purchases 6,122 Shares of Toll Brothers Inc. $TOL

Vest Financial LLC boosted its position in Toll Brothers Inc. (NYSE:TOL) by 26.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 29,241 shares of the construction company’s stock after purchasing an additional 6,122 shares during the period. Vest Financial LLC’s holdings in Toll Brothers were worth $4,039,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Toll Brothers in the second quarter valued at approximately $154,782,000. AQR Capital Management LLC increased its holdings in shares of Toll Brothers by 83.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after acquiring an additional 1,183,304 shares during the last quarter. Holocene Advisors LP raised its stake in Toll Brothers by 150.7% in the 2nd quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after acquiring an additional 751,255 shares during the period. Bamco Inc. NY raised its stake in Toll Brothers by 116.9% in the 2nd quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after acquiring an additional 611,523 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Toll Brothers by 188.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 266,771 shares of the construction company’s stock valued at $30,447,000 after purchasing an additional 174,226 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $147.46 on Friday. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $151.10. The company’s 50 day moving average price is $138.60 and its two-hundred day moving average price is $134.63. The firm has a market cap of $14.01 billion, a PE ratio of 10.87, a PEG ratio of 1.17 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.63 earnings per share. Equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a $0.25 dividend. The ex-dividend date is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group decreased their price objective on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Citigroup started coverage on shares of Toll Brothers in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.40.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.54% of the stock is currently owned by company insiders.

Toll Brothers 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.