Hsbc Holdings PLC Acquires 18,703 Shares of Toll Brothers Inc. $TOL

Hsbc Holdings PLC boosted its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 112.1% during the first quarter, Holdings Channel.com reports. The firm owned 35,381 shares of the construction company’s stock after purchasing an additional 18,703 shares during the quarter. Hsbc Holdings PLC’s holdings in Toll Brothers were worth $4,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in Toll Brothers by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,424 shares of the construction company’s stock worth $2,651,000 after purchasing an additional 200 shares during the last quarter. Montag A & Associates Inc. boosted its position in shares of Toll Brothers by 63.2% in the 1st quarter. Montag A & Associates Inc. now owns 27,758 shares of the construction company’s stock worth $3,788,000 after purchasing an additional 10,746 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in Toll Brothers during the 1st quarter worth $236,000. Kathmere Capital Management LLC acquired a new position in Toll Brothers during the 1st quarter valued at about $244,000. Finally, Abel Hall LLC purchased a new stake in Toll Brothers in the first quarter valued at about $229,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 2.3%

Shares of NYSE:TOL opened at $149.92 on Friday. 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 Inc. has a 12-month low of $117.50 and a 12-month high of $168.36. The business has a 50 day moving average of $147.14 and a two-hundred day moving average of $145.63. The company has a market capitalization of $14.01 billion, a PE ratio of 11.34, a PEG ratio of 1.21 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the company posted $3.50 EPS. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Citigroup raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and raised their price target for the stock from $146.00 to $176.00 in a report on Friday, July 10th. Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Benchmark began coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Finally, Evercore restated an “outperform” rating and issued a $185.00 target price on shares of Toll Brothers in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

Insider Buying and Selling

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by corporate insiders.

About Toll Brothers

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.