AGF Management Ltd. Buys Shares of 109,271 Toll Brothers Inc. $TOL

AGF Management Ltd. bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 109,271 shares of the construction company’s stock, valued at approximately $15,095,000. AGF Management Ltd. owned about 0.11% of Toll Brothers as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Toll Brothers during the 2nd quarter worth approximately $154,782,000. AQR Capital Management LLC increased its stake in Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after purchasing an additional 1,183,304 shares during the period. Holocene Advisors LP boosted its stake in shares of Toll Brothers by 150.7% in the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after purchasing an additional 751,255 shares during the period. Bamco Inc. NY boosted its stake in shares of Toll Brothers by 116.9% in the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after purchasing an additional 611,523 shares during the period. Finally, Ieq Capital LLC increased its stake in Toll Brothers by 643.8% during the 2nd quarter. Ieq Capital LLC now owns 171,066 shares of the construction company’s stock worth $19,524,000 after buying an additional 148,066 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $145.46 on Tuesday. The business’s 50-day moving average price is $140.94 and its 200 day moving average price is $136.16. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The firm has a market cap of $13.78 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.13 and a beta of 1.47. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $151.10.

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

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.37%.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TOL shares. UBS Group cut their price objective on Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Citizens Jmp started coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $175.00 price objective on the stock. The Goldman Sachs Group lifted their price target on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Bank of America lowered their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Finally, Barclays raised their target price on Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given 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.

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.