MRWM Advisors LLC Invests $579,000 in Toll Brothers Inc. $TOL

MRWM Advisors LLC purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,513 shares of the construction company’s stock, valued at approximately $579,000.

Several other hedge funds have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased its position in Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Wiser Advisor Group LLC bought a new stake in Toll Brothers during the 3rd quarter worth about $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers during the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers during the 3rd quarter valued at about $29,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $37,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 0.4%

NYSE:TOL opened at $149.09 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 1-year low of $123.14 and a 1-year high of $168.36. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.35. The business’s 50-day moving average price is $151.48 and its two-hundred day moving average price is $146.38.

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. The company had revenue of $2.53 billion during 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 company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 EPS. On average, equities analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid 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 dividend payout ratio (DPR) is presently 7.87%.

Insider Activity at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s 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 completion of the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of the company’s 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 sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TOL shares. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Argus set a $170.00 price objective on shares of Toll Brothers in a research note on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Finally, Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. One 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 given a Sell rating to the stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average 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.