Y Intercept Hong Kong Ltd Acquires New Position in Toll Brothers Inc. $TOL

Y Intercept Hong Kong Ltd acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 1st quarter, Holdings Channel.com reports. The fund acquired 47,397 shares of the construction company’s stock, valued at approximately $6,468,000.

A number of other large investors also recently bought and sold shares of TOL. Hilton Head Capital Partners LLC increased its holdings 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 valued at $26,000 after acquiring an additional 74 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers during the fourth quarter worth $27,000. Ramirez Asset Management Inc. bought a new position in Toll Brothers during the third quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers in the third quarter worth $29,000. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,457 shares of company stock worth $13,468,657 in the last ninety days. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TOL has been the subject of several recent research reports. Citigroup initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set an “outperform” rating for the company. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. Finally, Truist Financial dropped their price objective on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $163.56.

Toll Brothers Price Performance

Shares of TOL opened at $157.26 on Friday. Toll Brothers Inc. has a 12 month low of $113.52 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a fifty day moving average price of $143.81 and a 200 day moving average price of $144.40. The company has a market cap of $14.70 billion, a P/E ratio of 11.90, a PEG ratio of 1.30 and a beta of 1.34.

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, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business posted $3.50 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, research analysts forecast 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 will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

About Toll Brothers

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.