Tidal Investments LLC Acquires New Holdings in Toll Brothers, Inc. (NYSE:TOL)

Tidal Investments LLC bought a new position in Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,672 shares of the construction company’s stock, valued at approximately $258,000.

Several other large investors also recently made changes to their positions in TOL. State Street Corp grew its holdings in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after buying an additional 42,871 shares in the last quarter. Geode Capital Management LLC boosted its position in Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after acquiring an additional 84,652 shares during the period. FMR LLC grew its stake in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TOL. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Evercore ISI boosted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $152.53.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 84,837 shares of company stock valued at $13,124,245. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.7 %

Shares of NYSE:TOL opened at $127.87 on Wednesday. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $12.91 billion, a PE ratio of 8.51, a P/E/G ratio of 1.00 and a beta of 1.69. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The firm has a fifty day moving average price of $150.36 and a 200 day moving average price of $139.79.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $4.11 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.