Bamco Inc. NY Purchases 9,385 Shares of Toll Brothers Inc. $TOL

Bamco Inc. NY increased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,166,270 shares of the construction company’s stock after purchasing an additional 9,385 shares during the period. Bamco Inc. NY’s holdings in Toll Brothers were worth $157,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TOL. Wiser Advisor Group LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $27,000. Ramirez Asset Management Inc. acquired a new stake in Toll Brothers in the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers in the 4th quarter valued at $34,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Toll Brothers stock opened at $149.88 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The firm has a market cap of $14.01 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 1.36. The business’s fifty day moving average is $139.86 and its two-hundred day moving average is $142.78. Toll Brothers Inc. has a 52 week low of $104.09 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Equities research analysts forecast that Toll Brothers Inc. will post 12.68 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.87%.

Wall Street Analysts Forecast Growth

TOL has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. BTIG Research initiated coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Toll Brothers in a research note on Thursday, May 21st. Argus set a $170.00 price target on Toll Brothers in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $163.56.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

About Toll Brothers

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.