Kera Capital Partners Inc. Purchases Shares of 24,383 Toll Brothers Inc. $TOL

by · The Cerbat Gem

Kera Capital Partners Inc. acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,383 shares of the construction company’s stock, valued at approximately $3,368,000.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Toll Brothers in the second quarter valued at approximately $64,000. Global Retirement Partners LLC raised its position in Toll Brothers by 1,112.8% during the 3rd quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after buying an additional 523 shares during the last quarter. Friedenthal Financial lifted its stake in Toll Brothers by 587.2% during the 3rd quarter. Friedenthal Financial now owns 749 shares of the construction company’s stock valued at $103,000 after acquiring an additional 640 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in shares of Toll Brothers by 201.7% in the second quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock worth $100,000 after acquiring an additional 585 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the topic of several recent research reports. Bank of America lowered their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Citigroup assumed coverage on Toll Brothers in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Citizens Jmp began coverage on Toll Brothers in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $175.00 price objective on the stock. Royal Bank Of Canada cut their target price on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Finally, Barclays boosted their target price on shares of Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.07.

View Our Latest Stock Analysis on TOL

Toll Brothers Price Performance

Shares of NYSE TOL opened at $148.82 on Wednesday. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43. The firm has a 50-day simple moving average of $136.80 and a 200-day simple moving average of $133.43. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $149.80. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34.

Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the business posted $4.63 EPS. Toll Brothers’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a $0.25 dividend. The ex-dividend date is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.37%.

Toll Brothers Profile

(Free Report)

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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