Toll Brothers Inc. $TOL Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its position in Toll Brothers Inc. (NYSE:TOL) by 52.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,090,590 shares of the construction company’s stock after acquiring an additional 372,976 shares during the period. Jennison Associates LLC’s holdings in Toll Brothers were worth $147,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Interchange Capital Partners LLC acquired a new position in shares of Toll Brothers in the 4th quarter worth approximately $273,000. Caldwell Trust Co grew its position in shares of Toll Brothers by 18.2% in the 4th quarter. Caldwell Trust Co now owns 12,630 shares of the construction company’s stock worth $1,708,000 after acquiring an additional 1,943 shares in the last quarter. Vest Financial LLC boosted its position in Toll Brothers by 18.5% during the 4th quarter. Vest Financial LLC now owns 34,643 shares of the construction company’s stock valued at $4,684,000 after purchasing an additional 5,402 shares during the period. Certuity LLC acquired a new position in Toll Brothers during the 4th quarter valued at approximately $231,000. Finally, M&T Bank Corp boosted its position in Toll Brothers by 8.3% during the 4th quarter. M&T Bank Corp now owns 12,873 shares of the construction company’s stock valued at $1,741,000 after purchasing an additional 984 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. This represents a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by insiders.

Toll Brothers Stock Up 0.6%

Shares of Toll Brothers stock opened at $140.46 on Thursday. The business’s fifty day moving average price is $143.85 and its two-hundred day moving average price is $141.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The company has a market capitalization of $13.30 billion, a P/E ratio of 10.03, a PEG ratio of 1.15 and a beta of 1.49. Toll Brothers Inc. has a 1-year low of $99.12 and a 1-year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. As a group, research analysts forecast that Toll Brothers Inc. will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio (DPR) is presently 7.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TOL shares. Truist Financial reduced their price objective on Toll Brothers from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Oppenheimer restated an “outperform” rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Royal Bank Of Canada boosted their price objective on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Seaport Research Partners restated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company boosted their price objective on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.44.

Toll Brothers Company 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.