Natixis Advisors L.P. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

Posted by Defense World Staff on Sep 7th, 2023

Natixis Advisors L.P. purchased a new position in Toll Brothers, Inc. (NYSE:TOL – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,033 shares of the construction company’s stock, valued at approximately $602,000.

Several other large investors have also bought and sold shares of TOL. Ellevest Inc. grew its stake in Toll Brothers by 102.5% in the first quarter. Ellevest Inc. now owns 478 shares of the construction company’s stock worth $29,000 after purchasing an additional 242 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Toll Brothers in the 1st quarter worth approximately $29,000. City Holding Co. purchased a new position in Toll Brothers during the first quarter valued at $37,000. Machina Capital S.A.S. bought a new stake in Toll Brothers in the first quarter worth $54,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth $50,000. 91.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TOL. Citigroup raised their price objective on shares of Toll Brothers from $72.00 to $85.00 in a research note on Wednesday, July 5th. Zelman & Associates upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Bank of America boosted their price target on Toll Brothers from $76.00 to $88.00 in a research note on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Barclays boosted their target price on Toll Brothers from $73.00 to $81.00 and gave the stock an “underweight” rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $88.29.

Get Our Latest Analysis on TOL

Toll Brothers Trading Up 2.7 %

Shares of NYSE:TOL opened at $81.34 on Thursday. Toll Brothers, Inc. has a 12-month low of $39.53 and a 12-month high of $84.57. The company has a current ratio of 5.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. The company has a market cap of $8.74 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. The stock has a 50 day moving average of $79.65 and a 200 day moving average of $69.50.

Toll Brothers (NYSE:TOL – Get Free Report) last issued its earnings results on Wednesday, August 23rd. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.88. Toll Brothers had a return on equity of 22.97% and a net margin of 14.66%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company earned $2.35 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that Toll Brothers, Inc. will post 11.91 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were issued a $0.21 dividend. The ex-dividend date was Thursday, July 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.03%. Toll Brothers’s dividend payout ratio is currently 6.04%.

Insiders Place Their Bets

In other news, Director Carl B. Marbach sold 2,000 shares of Toll Brothers stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $78.42, for a total value of $156,840.00. Following the sale, the director now directly owns 51,066 shares of the company’s stock, valued at $4,004,595.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 2,000 shares of Toll Brothers stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $78.42, for a total value of $156,840.00. Following the completion of the transaction, the director now directly owns 51,066 shares of the company’s stock, valued at approximately $4,004,595.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 15,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $75.62, for a total transaction of $1,134,300.00. Following the sale, the chief financial officer now owns 47,414 shares in the company, valued at $3,585,446.68. The disclosure for this sale can be found here. Insiders have sold a total of 130,852 shares of company stock worth $10,469,368 in the last 90 days. 1.79% of the stock is currently owned by corporate insiders.

Toll Brothers Profile

(Free Report)

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 also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company 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; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies.