One Way Holdings LLC Purchases 11,914 Shares of Toll Brothers Inc. $TOL

Key Points

• One Way Holdings increased its Toll Brothers stake by 10.5% in the third quarter, acquiring 11,914 shares and bringing its total holdings to 124,865 shares valued at approximately $16.8 million. Institutional investors collectively own 91.76% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $166.67, although Barclays downgraded the stock to “Underweight” with a $118 target.
• Toll Brothers reported quarterly EPS of $2.97, slightly above estimates, and revenue of $2.66 billion; however, revenue declined 9.7% year over year. The company also paid a quarterly dividend of $0.26 per share, representing a 0.7% yield.

One Way Holdings LLC increased its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,865 shares of the construction company's stock after acquiring an additional 11,914 shares during the quarter. One Way Holdings LLC owned approximately 0.14% of Toll Brothers worth $16,826,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Toll Brothers by 9.9% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 89,596 shares of the construction company's stock worth $12,073,000 after buying an additional 8,045 shares during the period. Greenleaf Trust boosted its holdings in Toll Brothers by 19.5% during the third quarter. Greenleaf Trust now owns 2,210 shares of the construction company's stock valued at $298,000 after acquiring an additional 361 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Toll Brothers in the third quarter worth $108,000. Aviance Capital Partners LLC increased its position in shares of Toll Brothers by 3.1% during the third quarter. Aviance Capital Partners LLC now owns 8,151 shares of the construction company's stock valued at $1,098,000 after purchasing an additional 242 shares during the period. Finally, Lebenthal Global Advisors LLC grew its stake in shares of Toll Brothers by 16.2% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 7,674 shares of the construction company's stock valued at $1,034,000 after purchasing an additional 1,071 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Activity

In other news, Director Stephen East sold 800 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the transaction, the director directly owned 12,642 shares in the company, valued at approximately $1,719,185.58. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays decreased their price objective on Toll Brothers from $122.00 to $118.00 and set an "underweight" rating on the stock in a research report on Tuesday, October 6th. Melius Research started coverage on Toll Brothers in a research report on Tuesday, October 6th. They set a "buy" rating and a $179.00 price objective on the stock. Citigroup decreased their price target on shares of Toll Brothers from $179.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, October 15th. Keefe, Bruyette & Woods boosted their price target on shares of Toll Brothers from $161.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Finally, UBS Group lifted their price target on Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $166.67.

Toll Brothers Trading Up 0.0%

Shares of TOL stock opened at $145.96 on Monday. The stock has a market capitalization of $13.45 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.18 and a beta of 1.31. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The firm's 50 day moving average is $137.89 and its 200 day moving average is $144.18.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same period last year, the firm posted $3.73 earnings per share. The business's revenue for the quarter was down 9.7% on a year-over-year basis. Research analysts expect that Toll Brothers Inc. will post 12.80 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers's payout ratio is currently 8.35%.

Toll Brothers Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.

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