AQR Capital Management LLC Has $146.57 Million Stock Holdings in Toll Brothers Inc. $TOL

Key Points

• AQR Capital Management LLC increased its stake in Toll Brothers Inc. by 17.1%, owning approximately 1.43% of the company, valued at $146.57 million after acquiring an additional 208,064 shares.
• Wall Street analysts have mostly rated Toll Brothers positively, with two analysts giving a Strong Buy rating and the average target price for the stock set at $147.85, indicating favorable market sentiment.
• Toll Brothers reported earnings of $3.73 per share for its most recent quarter, surpassing analyst expectations, and its revenue grew by 8% compared to the same quarter last year.

AQR Capital Management LLC raised its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 17.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,424,689 shares of the construction company's stock after acquiring an additional 208,064 shares during the quarter. AQR Capital Management LLC owned about 1.43% of Toll Brothers worth $146,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Amundi lifted its stake in Toll Brothers by 429.1% in the first quarter. Amundi now owns 316,888 shares of the construction company's stock valued at $31,179,000 after acquiring an additional 256,996 shares during the last quarter. Unisphere Establishment acquired a new stake in shares of Toll Brothers in the first quarter worth $4,963,000. Perbak Capital Partners LLP acquired a new stake in shares of Toll Brothers in the first quarter worth $207,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Toll Brothers in the first quarter worth $318,000. Finally, Royal Bank of Canada lifted its stake in shares of Toll Brothers by 13.1% in the first quarter. Royal Bank of Canada now owns 183,935 shares of the construction company's stock worth $19,421,000 after buying an additional 21,262 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TOL. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Bank of America boosted their price objective on shares of Toll Brothers from $132.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.85.

Toll Brothers Trading Up 1.8%

Shares of TOL stock opened at $140.73 on Thursday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm's fifty day simple moving average is $125.48 and its 200 day simple moving average is $112.15. The firm has a market capitalization of $13.56 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its 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 business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. Toll Brothers's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.60 earnings per share. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

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

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert Parahus sold 9,831 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. This trade represents a 33.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,601 shares of company stock worth $5,183,374. 1.54% of the stock is currently owned by company insiders.

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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