Montag A & Associates Inc. Purchases Shares of 8,754 Toll Brothers Inc.

Got story updates? Submit your updates here. ›

Montag A & Associates Inc. acquired a new stake of 8,754 shares in Toll Brothers Inc. (NYSE:TOL) during the 3rd quarter, according to the company's recent 13F filing with the Securities and Exchange Commission. The new stake is valued at approximately $1,209,000.

Why it matters

Toll Brothers is a major homebuilder, and this new stake by Montag A & Associates suggests the investment firm sees growth potential in the company's stock. Institutional investors like Montag A & Associates often closely monitor and invest in leading companies in key industries like residential construction.

The details

According to the 13F filing, Montag A & Associates acquired the 8,754 shares of Toll Brothers during the third quarter of the year. Several other hedge funds also recently made changes to their positions in Toll Brothers, with firms like Great Lakes Retirement Inc., Cresset Asset Management LLC, and Victory Capital Management Inc. adjusting their stakes in the construction company.

• Montag A & Associates acquired the 8,754 Toll Brothers shares in the 3rd quarter of the year.