MRWM Advisors LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,513 shares of the construction company’s stock, valued at approximately $579,000.
A number of other hedge funds also recently modified their holdings of TOL. Price T Rowe Associates Inc. MD grew its position in shares of Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after purchasing an additional 3,151,509 shares during the period. Norges Bank bought a new stake in Toll Brothers during the 4th quarter worth approximately $168,312,000. Ascentis Wealth Management LLC raised its holdings in Toll Brothers by 16,397.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 539,641 shares of the construction company’s stock worth $88,906,000 after buying an additional 536,370 shares during the period. Pacer Advisors Inc. raised its holdings in Toll Brothers by 3,700.7% during the 1st quarter. Pacer Advisors Inc. now owns 430,356 shares of the construction company’s stock worth $58,731,000 after buying an additional 419,033 shares during the period. Finally, Jennison Associates LLC lifted its stake in Toll Brothers by 52.0% in the fourth quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock valued at $147,470,000 after buying an additional 372,976 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.
Toll Brothers Price Performance
NYSE TOL opened at $149.09 on Friday. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The company has a market capitalization of $13.94 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. The firm’s 50 day moving average is $151.48 and its 200-day moving average is $146.38.
Toll Brothers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.
Analyst Ratings Changes
TOL has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Benchmark initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Barclays increased their target price on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. Finally, BTIG Research started coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $164.88.
Read Our Latest Research Report on TOL
Insider Activity
In other news, COO Robert Parahus sold 7,500 shares of the firm’s 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 completion of the transaction, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers 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 represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 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.
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