Toll Brothers Inc. $TOL Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its position in Toll Brothers Inc. (NYSE:TOL) by 6.2% during the first quarter, HoldingsChannel reports. The firm owned 185,113 shares of the construction company’s stock after purchasing an additional 10,744 shares during the period. Empowered Funds LLC’s holdings in Toll Brothers were worth $25,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after buying an additional 3,151,509 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock worth $408,062,000 after buying an additional 100,718 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after buying an additional 327,953 shares in the last quarter. Norges Bank acquired a new position in Toll Brothers during the fourth quarter worth about $168,312,000. Finally, Bamco Inc. NY boosted its position in Toll Brothers by 0.8% during the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock worth $157,703,000 after acquiring an additional 9,385 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock opened at $155.01 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The company has a market capitalization of $14.49 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The firm’s 50-day moving average is $148.25 and its two-hundred day moving average is $145.95. Toll Brothers Inc. has a 12 month low of $117.50 and a 12 month high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate 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 net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. Analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.26 per share. 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 (DPR) is 7.87%.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction dated 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 completion of the transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. Barclays boosted 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. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. Finally, Benchmark assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $164.88.

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.