Toll Brothers Inc. $TOL Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Toll Brothers Inc. (NYSE:TOLFree Report) by 18.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,602 shares of the construction company’s stock after buying an additional 40,842 shares during the period. Pictet Asset Management Holding SA owned 0.29% of Toll Brothers worth $44,087,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares during the period. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Toll Brothers during the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at about $29,000. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of Toll Brothers in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TOL has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a research report on Thursday, June 11th. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. BTIG Research initiated coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Argus set a $170.00 price target on shares of Toll Brothers in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

View Our Latest Stock Report on Toll Brothers

Toll Brothers Trading Down 0.8%

TOL stock opened at $148.09 on Friday. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The business’s 50-day moving average is $151.69 and its 200 day moving average is $146.40. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.23 and a beta of 1.35.

Toll Brothers (NYSE:TOLGet Free Report) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.50 earnings per share. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Toll Brothers Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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