In a stunning move that has left analysts and investors perplexed, Yousif Capital Management LLC, a prominent investment firm, has decided to decrease its stake in Toll Brothers, Inc. by 3.4% during the first quarter of this year. According to their disclosure with the Securities and Exchange Commission (SEC), Yousif Capital Management LLC now owns 55,582 shares of the construction company’s stock after selling 1,950 shares during the period. This reduction in stake amounts to approximately 0.05% of Toll Brothers’ total value, which is estimated at $3,337,000 at the end of the first quarter.
This unexpected move by Yousif Capital Management LLC has caught many market watchers off guard. Toll Brothers is a well-known name in the construction industry and has been experiencing significant growth and success in recent years. The company specializes in building luxury homes and caters to high-end clientele across the United States.
Despite this sudden dip in ownership from Yousif Capital Management LLC, various equities research analysts have expressed positive opinions on Toll Brothers’ future prospects. Oppenheimer recently increased their target price on Toll Brothers shares from $80.00 to $99.00 in a research report published on July 6th. Similarly, Credit Suisse Group raised their price objective from $63.00 to $73.00 in late May.
However, there have also been differing views within the analyst community regarding Toll Brothers’ stock performance. StockNews.com downgraded Toll Brothers’ rating from “strong-buy” to “buy” in June, while Seaport Res Ptn maintained a “neutral” rating for the company’s shares as of mid-June.
Raymond James analysts presented an interesting perspective by upgrading Toll Brothers’ rating from “outperform” to “strong-buy” just last month. They also raised their price objective significantly from $77.00 to $100.00, emphasizing their belief in the company’s value and growth potential.
Overall, Bloomberg reports that Toll Brothers has received an average rating of “Moderate Buy” from various analysts, with an average target price of $75.83.
On Friday, July 28th, Toll Brothers opened at $79.25 on the New York Stock Exchange (NYSE). The company has been experiencing consistent growth as reflected in its 50-day simple moving average of $75.28 and a 200-day simple moving average of $64.99. Toll Brothers has demonstrated its financial stability with a debt-to-equity ratio of 0.44 and solid liquidity ratios with a quick ratio of 0.71 and a current ratio of 5.14.
With a market capitalization of $8.67 billion, Toll Brothers continues to impress investors with its low price-to-earnings ratio of 6.32 and an attractive price-to-earnings growth (PEG) ratio of 0.69. These figures indicate that there is still room for growth in the company’s stock value.
Toll Brothers’ success can also be attributed to its beta value of 1.41, signifying that it is highly correlated to market movements and offers potential opportunities for investors looking for exposure to housing construction industry trends.
All eyes are now on Yousif Capital Management LLC as investors try to decipher their motives behind reducing their stake in this burgeoning construction giant. While perplexed by this move, many remain optimistic about the long-term potential exhibited by Toll Brothers based on analyst ratings and the company’s impressive financial performance.
As we approach August, investors anxiously await any further developments that may shed light on Yousif Capital Management LLC’s surprising decision and what it may mean for Toll Brothers’ future trajectory in the ever-evolving construction industry landscape.
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Large Investors Show Confidence in Toll Brothers as Stock Ownership Increases; Analysts Provide Mixed Ratings
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”TOL” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Toll Brothers, a renowned construction company, has attracted the attention of several large investors in recent months. One of these investors, American Century Companies Inc., increased its stake in Toll Brothers by a staggering 43.9% during the first quarter of this year. With this increase, American Century Companies now owns 28,381 shares of Toll Brothers’ stock valued at an impressive $1,334,000. Similarly, MetLife Investment Management LLC also raised its position in Toll Brothers by 34.5% during the same quarter. MetLife now owns 74,581 shares worth $3,507,000.
Another investor that demonstrated confidence in Toll Brothers was Panagora Asset Management Inc., which increased its position by 7.9%. Panagora now holds 6,592 shares worth $310,000. Furthermore, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position by 8.6%, owning 41,183 shares valued at $1,936,000. Lastly on this list is Great West Life Assurance Co. Can with a 9% increase in their position bringing their total share ownership to 64,890 worth $3,138,000.
These investment decisions have resulted in approximately 91.89% of Toll Brothers’ stock being owned by institutional investors and hedge funds.
In a separate development related to Toll Brothers’ management team: Director Carl B. Marbach sold 2,000 shares on July 5th for an average price of $78.42 per share totaling $156,840. Following this transaction completion the director currently owns approximately $4 million worth of company shares.
Furthermore,CFO Martin P.Connor also sold his share of the company’s stocks.A total number of share had been marked at around about roughly Fifteen thousands.
Moving on from recent transactions within the company’s executive positions – let’s focus on equity research analysts’ views on Toll Brothers. Several analysts have commented on the company’s stock. Oppenheimer, for example, increased their target price from $80 to $99 in a research report on July 6th. On the other hand, StockNews.com issued a rating downgrade from “strong-buy” to “buy” on June 27th. Meanwhile, Seaport Res Ptn reiterated a “neutral” rating for Toll Brothers in their research report on June 14th. Credit Suisse Group followed with raising its price objective from $63 to $73 on May 24th.
Raymond James, however, provided an upgrade on Toll Brothers’ stock, changing their rating from “outperform” to “strong-buy” and increasing the price objective from $77 to $100 on July 14th. As per these various analyst reports, one has given a sell rating, three have assigned a hold rating, eight have issued buy ratings, and one has given it a strong buy rating. Bloomberg aggregates all of these ratings into an average of “Moderate Buy” with an average target price of $75.83 per share.
In terms of financial performance, Toll Brothers reported its quarterly earnings data at the end of May this year.The construction company exceeded expectations by achieving earnings per share (EPS) of $2.85 against estimates of $1.89.This resulted in a positive difference of $0.96.Moreover,Toll Brothers showed remarkable growth in revenue during the same quarter compared to last year’s results – it increased by 10.1%, beating analyst estimates.Toll Brothers had posted EPS figures at approximately $1.85 during the same quarter last year.Current projections suggest they will finish this fiscal year posting roughly $10.61 EPS.
Lastly,Toll Brothers recently announced that it paid out its quarterly dividend on July 21st.Stockholders received a dividend payment of $0.21 per share of record on July 7th.The dividend yield for this payment amounts to 1.06% with an annualized rate of $0.84.This represents a payout ratio of 6.70%.
