United Services Automobile Association Makes New $509,000 Investment in Toro Company (The) $TTC

Key Points

• United Services Automobile Association acquired 6,951 shares of Toro Company, valued at approximately $509,000, as reported in their recent Form 13F filing.
• Research analysts have varied ratings on Toro's stock, with target prices ranging from $86 to $100 and a consensus rating of "Moderate Buy."
• Toro Company reported earnings of $1.24 EPS for the quarter, slightly exceeding the consensus estimate and reflecting a year-over-year revenue decline of 2.2%.

United Services Automobile Association purchased a new stake in Toro Company (The) (NYSE:TTC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,951 shares of the company's stock, valued at approximately $509,000.

Several other hedge funds have also modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Toro by 2.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 59,819 shares of the company's stock valued at $4,352,000 after buying an additional 1,496 shares during the period. Caxton Associates LLP acquired a new stake in shares of Toro in the 1st quarter valued at approximately $285,000. Voleon Capital Management LP acquired a new stake in shares of Toro in the 1st quarter valued at approximately $1,316,000. Goldman Sachs Group Inc. lifted its holdings in shares of Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock valued at $33,237,000 after buying an additional 124,373 shares during the period. Finally, Scientech Research LLC lifted its holdings in shares of Toro by 58.3% in the 1st quarter. Scientech Research LLC now owns 10,084 shares of the company's stock valued at $734,000 after buying an additional 3,714 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. This trade represents a 34.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company's stock.

Wall Street Analysts Forecast Growth

TTC has been the subject of several recent analyst reports. Longbow Research raised Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, August 25th. DA Davidson raised their price objective on Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Northland Securities raised their price objective on Toro from $80.00 to $90.00 and gave the company a "market perform" rating in a research note on Tuesday, September 9th. Northland Capmk downgraded Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Raymond James Financial dropped their price objective on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Toro currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.60.

Toro Trading Down 1.1%

Shares of TTC stock traded down $0.91 during mid-day trading on Tuesday, hitting $78.69. 183,983 shares of the company's stock were exchanged, compared to its average volume of 952,072. Toro Company has a fifty-two week low of $62.34 and a fifty-two week high of $89.50. The stock has a 50-day simple moving average of $76.81 and a two-hundred day simple moving average of $73.51. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 23.84 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. Toro had a return on equity of 28.98% and a net margin of 7.37%.The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The business's revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Equities analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

About Toro

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.