Kornitzer Capital Management Inc. KS Buys Shares of 32,242 Toll Brothers Inc. $TOL

Kornitzer Capital Management Inc. KS bought a new position in Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,242 shares of the construction company’s stock, valued at approximately $5,312,000.

Several other large investors also recently made changes to their positions in TOL. Thrivent Financial for Lutherans increased its position in Toll Brothers by 52.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock valued at $6,105,000 after acquiring an additional 15,526 shares during the period. Summit Place Financial Advisors LLC boosted its position in Toll Brothers by 89.1% during the 4th quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company’s stock worth $1,743,000 after acquiring an additional 6,075 shares during the period. Investment House LLC boosted its position in Toll Brothers by 103.2% during the 4th quarter. Investment House LLC now owns 33,849 shares of the construction company’s stock worth $4,577,000 after acquiring an additional 17,193 shares during the period. Highland Capital Management LLC grew its stake in shares of Toll Brothers by 56.1% in the fourth quarter. Highland Capital Management LLC now owns 49,470 shares of the construction company’s stock worth $6,689,000 after purchasing an additional 17,770 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Toll Brothers by 2,672.4% in the first quarter. Fifth Third Bancorp now owns 28,362 shares of the construction company’s stock worth $3,871,000 after purchasing an additional 27,339 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TOL shares. Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research note on Thursday, May 21st. BTIG Research began coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Argus set a $170.00 target price on shares of Toll Brothers in a research note on Tuesday, June 2nd. Finally, Truist Financial dropped their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $164.88.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $148.09 on Friday. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The firm has a market cap of $13.84 billion, a P/E ratio of 11.20, a PEG ratio of 1.23 and a beta of 1.35. The stock has a fifty day moving average price of $151.69 and a two-hundred day moving average price of $146.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 EPS. Research analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

Toll Brothers Company Profile

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.