Greenhaven Associates Inc. trimmed its holdings in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,630,109 shares of the construction company’s stock after selling 15,200 shares during the quarter. Toll Brothers accounts for approximately 10.7% of Greenhaven Associates Inc.’s portfolio, making the stock its 3rd biggest position. Greenhaven Associates Inc. owned about 0.06% of Toll Brothers worth $927,560,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Hilton Head Capital Partners LLC increased its position in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers during the 3rd quarter worth approximately $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Toll Brothers in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.76% of the company’s stock.
Toll Brothers Price Performance
Shares of NYSE TOL opened at $149.09 on Friday. The stock has a market cap of $13.94 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The stock has a 50 day moving average of $151.48 and a two-hundred day moving average of $146.38. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.
Toll Brothers Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.87%.
Analysts Set New Price Targets
Several research firms have recently commented on TOL. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. Piper Sandler cut Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Citigroup upgraded Toll Brothers from a “neutral” rating to a “buy” rating and lifted their target price for the company from $146.00 to $176.00 in a report on Friday, July 10th. Truist Financial cut their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Argus set a $170.00 price objective on Toll Brothers in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.88.
View Our Latest Report on Toll Brothers
Insider Activity
In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was 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 owned 23,457 shares in the company, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Toll Brothers
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL – Free Report).
Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.
