GSA Capital Partners LLP Makes New $2.16 Million Investment in Toll Brothers Inc. $TOL

GSA Capital Partners LLP purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,114 shares of the construction company’s stock, valued at approximately $2,161,000.

Other large investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC boosted its holdings in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Toll Brothers in the 3rd quarter worth about $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers in the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers in the third quarter valued at about $29,000. Finally, Turning Point Benefit Group Inc. bought a new position in Toll Brothers in the third quarter valued at about $37,000. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction that occurred on 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 sale, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Stock Down 0.8%

Shares of NYSE:TOL opened at $148.09 on Friday. The firm has a market cap of $13.84 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The business has a fifty day simple moving average of $151.69 and a 200 day simple moving average of $146.40. 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 (NYSE:TOL) last released 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. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid 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 payout ratio is currently 7.87%.

Analyst Ratings Changes

TOL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. Evercore reiterated an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. Truist Financial reduced their target price on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Argus set a $170.00 target price on shares of Toll Brothers in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.88.

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.