Advantage Alpha Capital Partners LP Buys New Position in Toll Brothers Inc. $TOL

Key Points

• Advantage Alpha Capital Partners LP has purchased a new position in Toll Brothers Inc., acquiring 22,909 shares valued at approximately $2.4 million.
• Analysts have varied ratings for Toll Brothers, with a consensus rating of "Moderate Buy" and a target price of $143.54, reflecting optimism despite some price adjustments.
• Toll Brothers reported stronger than expected quarterly earnings of $3.73 per share, exceeding analysts' estimates and achieving a year-over-year revenue increase of 8%.

Advantage Alpha Capital Partners LP bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 22,909 shares of the construction company's stock, valued at approximately $2,419,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jump Financial LLC lifted its position in shares of Toll Brothers by 10.8% in the 4th quarter. Jump Financial LLC now owns 3,120 shares of the construction company's stock worth $393,000 after acquiring an additional 304 shares during the period. NewEdge Advisors LLC lifted its position in shares of Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after acquiring an additional 100 shares during the period. Commerce Bank lifted its position in shares of Toll Brothers by 6.2% in the 4th quarter. Commerce Bank now owns 4,030 shares of the construction company's stock worth $508,000 after acquiring an additional 237 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Toll Brothers by 4.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,602 shares of the construction company's stock worth $832,000 after acquiring an additional 302 shares during the period. Finally, Ossiam lifted its position in shares of Toll Brothers by 30.8% in the 4th quarter. Ossiam now owns 747 shares of the construction company's stock worth $94,000 after acquiring an additional 176 shares during the period. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TOL. Oppenheimer reduced their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Evercore ISI reiterated an "outperform" rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Bank of America raised their price objective on Toll Brothers from $132.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.54.

Toll Brothers Trading Down 0.1%

Shares of TOL opened at $131.3360 on Friday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a current ratio of 4.38, a quick ratio of 0.44 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $120.04 and a 200-day simple moving average of $111.43. The stock has a market cap of $12.89 billion, a PE ratio of 9.65, a PEG ratio of 0.85 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same period last year, the firm posted $3.60 EPS. The business's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.35%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer owned 2,439 shares in the company, valued at $292,680. The trade was a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,770 shares of company stock worth $440,586. Insiders own 1.54% of the company's stock.

Toll Brothers Profile

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.

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