43,700 Shares in Toll Brothers Inc. $TOL Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the second quarter, HoldingsChannel.com reports. The firm bought 43,700 shares of the construction company’s stock, valued at approximately $7,199,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ceredex Value Advisors LLC acquired a new stake in shares of Toll Brothers during the second quarter worth $37,012,000. Thrivent Financial for Lutherans lifted its position in Toll Brothers by 52.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock worth $6,105,000 after buying an additional 15,526 shares during the period. Meeder Advisory Services Inc. purchased a new position in shares of Toll Brothers during the 2nd quarter worth about $862,000. Mariner Investment Group LLC acquired a new stake in shares of Toll Brothers in the second quarter worth approximately $1,648,000. Finally, Summit Place Financial Advisors LLC grew its holdings in Toll Brothers by 89.1% in the fourth quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company’s stock valued at $1,743,000 after purchasing an additional 6,075 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers 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 of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Robert Parahus sold 7,500 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TOL shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. Truist Financial boosted their price objective on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Evercore restated an “outperform” rating and set a $191.00 price objective on shares of Toll Brothers in a report on Thursday, August 20th. Barclays lifted their target price on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Fifteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.27.

Toll Brothers Stock Up 0.8%

Shares of Toll Brothers stock opened at $146.33 on Friday. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.19 and a beta of 1.35. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The company has a fifty day moving average price of $151.46 and a 200 day moving average price of $146.38. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32.

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

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 8.35%.

Toll Brothers 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.