Infrastructure Capital Advisors LLC Has $8.35 Million Holdings in Toll Brothers Inc. $TOL

Infrastructure Capital Advisors LLC increased its stake in Toll Brothers Inc. (NYSE:TOL) by 62.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,674 shares of the construction company’s stock after acquiring an additional 19,448 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Toll Brothers were worth $8,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC grew its stake in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of Toll Brothers in the third quarter valued at approximately $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Toll Brothers during the second quarter valued at approximately $35,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated 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 owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction 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 completion of the sale, the chairman owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by company insiders.

Toll Brothers Stock Down 0.0%

Shares of NYSE:TOL opened at $147.03 on Monday. The stock has a 50 day moving average price of $151.97 and a 200-day moving average price of $146.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The firm has a market capitalization of $13.74 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.21 and a beta of 1.35. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business earned $3.73 EPS. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is 8.35%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TOL shares. Evercore reissued an “outperform” rating and issued a $191.00 price target on shares of Toll Brothers in a report on Thursday. Argus set a $170.00 price target on Toll Brothers in a research report on Tuesday, June 2nd. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Finally, Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $166.25.

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.