Entropy Technologies LP Takes Position in Toll Brothers Inc. $TOL

Entropy Technologies LP purchased a new position in Toll Brothers Inc. (NYSE:TOL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,775 shares of the construction company’s stock, valued at approximately $4,609,000.

Several other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in 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 last quarter. Norges Bank acquired a new stake in Toll Brothers during the 4th quarter worth $168,312,000. Jennison Associates LLC boosted its stake in Toll Brothers by 52.0% during the 4th quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock worth $147,470,000 after purchasing an additional 372,976 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Toll Brothers by 663.2% during the third quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock worth $40,112,000 after buying an additional 252,329 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Toll Brothers in the third quarter valued at about $33,811,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Argus set a $170.00 price target on shares of Toll Brothers in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Citigroup upgraded Toll Brothers from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $146.00 to $176.00 in a report on Friday, July 10th. Finally, BTIG Research initiated coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.88.

Toll Brothers Price Performance

Toll Brothers stock 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. The company has a 50-day moving average price of $147.14 and a 200 day moving average price of $145.63. Toll Brothers Inc. has a 12-month low of $117.50 and a 12-month high of $168.36. The stock has a market cap of $14.01 billion, a P/E ratio of 11.34, a PEG ratio of 1.24 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 for the quarter, beating 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the business posted $3.50 EPS. Toll Brothers’s revenue was down 7.6% on a year-over-year basis. Sell-side analysts anticipate that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given 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 of this dividend was Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

Insider Buying and Selling

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Robert Parahus sold 7,500 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.37% of the company’s stock.

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.