Toll Brothers Inc. $TOL Shares Acquired by Amundi

Key Points

• Amundi's Stake Increase: Amundi boosted its stake in Toll Brothers Inc. by 429.1% in Q1, now owning 316,888 shares valued at approximately $31.18 million.
• Analyst Ratings: Several analysts rated Toll Brothers positively, with price targets ranging from $145 to $169, contributing to an average rating of "Moderate Buy."
• Recent Earnings Performance: Toll Brothers reported quarterly earnings of $3.73 per share, exceeding estimates, with revenues of $2.95 billion, an 8% year-over-year increase.

Amundi raised its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 429.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,888 shares of the construction company's stock after purchasing an additional 256,996 shares during the period. Amundi owned about 0.32% of Toll Brothers worth $31,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its position in shares of Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after acquiring an additional 112 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after acquiring an additional 177 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after acquiring an additional 249 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter worth $42,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares of the company's stock, valued at approximately $39,558,536.42. This trade represents a 8.04% 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 link. Also, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares of the company's stock, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of TOL traded up $3.38 during mid-day trading on Thursday, reaching $146.58. The company had a trading volume of 864,779 shares, compared to its average volume of 1,782,516. The stock has a market capitalization of $14.13 billion, a P/E ratio of 10.78, a PEG ratio of 0.95 and a beta of 1.33. The stock has a 50 day moving average of $128.43 and a two-hundred day moving average of $113.13. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

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

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is presently 7.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James Financial reissued a "strong-buy" rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Keefe, Bruyette & Woods boosted their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Wells Fargo & Company boosted their price target on Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Wedbush restated an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a research note on Friday, September 5th. Finally, Royal Bank Of Canada boosted their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.07.

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.