Quantitative Investment Management LLC Invests $597,000 in Toll Brothers Inc. $TOL

Quantitative Investment Management LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOLFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,625 shares of the construction company’s stock, valued at approximately $597,000.

Several other institutional investors also recently bought and sold shares of TOL. Benjamin Edwards Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter worth $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Toll Brothers by 8.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 265,254 shares of the construction company’s stock worth $43,701,000 after acquiring an additional 21,598 shares during the period. Van ECK Associates Corp increased its stake in shares of Toll Brothers by 3.1% during the second quarter. Van ECK Associates Corp now owns 80,145 shares of the construction company’s stock worth $13,204,000 after acquiring an additional 2,393 shares during the period. Hsbc Holdings PLC raised its holdings in Toll Brothers by 160.3% during the second quarter. Hsbc Holdings PLC now owns 92,093 shares of the construction company’s stock worth $15,099,000 after purchasing an additional 56,712 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in Toll Brothers during the second quarter worth about $1,189,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $140.34 on Wednesday. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The business’s 50 day simple moving average is $151.08 and its 200-day simple moving average is $146.06. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.04. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the business posted $3.73 EPS. As a group, equities analysts forecast that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Insider Buying and Selling at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

TOL has been the topic of a number of analyst reports. UBS Group lifted their price objective on Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Barclays raised their target price on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. Argus set a $170.00 target price on shares of Toll Brothers in a research report on Tuesday, June 2nd. Benchmark began coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Evercore reiterated an “outperform” rating and issued a $191.00 price target on shares of Toll Brothers in a report on Thursday, August 20th. Fifteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $167.27.

View Our Latest Stock Report on TOL

Toll Brothers 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.

Further Reading

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

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