Annex Advisory Services LLC Has $9.99 Million Stock Position in Toll Brothers Inc. $TOL

Annex Advisory Services LLC raised its holdings in shares of Toll Brothers Inc. (NYSE:TOLFree Report) by 32.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,662 shares of the construction company’s stock after acquiring an additional 14,829 shares during the quarter. Annex Advisory Services LLC’s holdings in Toll Brothers were worth $9,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hilton Head Capital Partners LLC lifted 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 purchasing an additional 74 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the third quarter worth $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers in the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers in the third quarter valued at $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Toll Brothers in the 3rd quarter valued at $37,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of TOL opened at $152.61 on Wednesday. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.24 and a beta of 1.35. Toll Brothers Inc. has a 1-year low of $123.14 and a 1-year high of $168.36. The company’s fifty day simple moving average is $151.09 and its 200 day simple moving average is $146.35. 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 (NYSE:TOLGet Free Report) last announced its quarterly 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. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company posted $3.50 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, research analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Insider Transactions at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s 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 completion of the sale, the chairman directly 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 dated 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 transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TOL has been the topic of several analyst reports. Piper Sandler cut shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Evercore restated an “outperform” rating and issued a $185.00 price objective on shares of Toll Brothers in a report on Thursday, May 21st. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. UBS Group upgraded Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Finally, Argus set a $170.00 target price on Toll Brothers in a report on Tuesday, June 2nd. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.88.

Check Out Our Latest Stock Report on Toll Brothers

About Toll Brothers

(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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