Quantitative Investment Management LLC Invests $597,000 in Toll Brothers Inc. $TOL

Quantitative Investment Management LLC acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,625 shares of the construction company’s stock, valued at approximately $597,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC raised 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 valued at $26,000 after purchasing an additional 74 shares during the period. Wiser Advisor Group LLC purchased a new stake in Toll Brothers during the third quarter worth about $27,000. Pinnacle Holdings LLC purchased a new stake in Toll Brothers during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the third quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Toll Brothers during the second quarter worth about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TOL. Benchmark began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Evercore reiterated an “outperform” rating and issued a $191.00 price objective on shares of Toll Brothers in a research note on Thursday, August 20th. Truist Financial boosted their target price on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Finally, BTIG Research started coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.27.

Insider Buying and Selling at Toll Brothers

In related news, 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 completion of the sale, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. The trade was 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 corporate insiders.

Toll Brothers Stock Down 2.2%

Shares of NYSE TOL opened at $140.34 on Wednesday. The business has a 50-day moving average price of $151.08 and a 200 day moving average price of $146.06. The stock has a market cap of $13.12 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The firm’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.73 earnings per share. Equities research analysts forecast that Toll Brothers Inc. will post 12.81 earnings per share for the current 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 given a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is 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.