Steamboat Capital Partners LLC Makes New $3.98 Million Investment in Toll Brothers Inc. $TOL

Steamboat Capital Partners LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,135 shares of the construction company’s stock, valued at approximately $3,976,000.

Other large investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC grew its position in Toll Brothers by 65.5% during 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 during the last quarter. Wiser Advisor Group LLC bought a new position in Toll Brothers in the third quarter valued at about $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers in the fourth quarter valued at about $27,000. Continuum Advisory LLC bought a new position in Toll Brothers in the second quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the third quarter valued at about $29,000. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Douglas Yearley, Jr. sold 77,957 shares of the stock in a transaction 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 sale, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $136.56 on Wednesday. The business has a 50-day moving average of $148.81 and a 200-day moving average of $145.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $3.73 earnings per share. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is currently 8.35%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TOL. Argus set a $170.00 price target on Toll Brothers in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a report on Thursday, June 11th. Truist Financial upped their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, Citigroup raised their price target on shares of Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Fourteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.27.

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.