Toll Brothers Inc. $TOL Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its stake in Toll Brothers Inc. (NYSE:TOL) by 1,130.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,111 shares of the construction company’s stock after purchasing an additional 35,933 shares during the period. Waverly Advisors LLC’s holdings in Toll Brothers were worth $5,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Entropy Technologies LP acquired a new position in shares of Toll Brothers in the 1st quarter valued at $4,609,000. Renaissance Technologies LLC grew its position in shares of Toll Brothers by 172.9% in the 1st quarter. Renaissance Technologies LLC now owns 173,000 shares of the construction company’s stock valued at $23,609,000 after buying an additional 109,600 shares during the last quarter. Compound Planning Inc. raised its stake in Toll Brothers by 7.3% during the 1st quarter. Compound Planning Inc. now owns 4,692 shares of the construction company’s stock worth $640,000 after acquiring an additional 320 shares in the last quarter. Inceptionr LLC acquired a new stake in Toll Brothers during the 1st quarter worth $670,000. Finally, Sei Investments Co. lifted its position in Toll Brothers by 69.8% in the first quarter. Sei Investments Co. now owns 40,097 shares of the construction company’s stock valued at $5,472,000 after acquiring an additional 16,480 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value 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. The trade was a 24.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares in the company, valued at $50,302,264.48. This trade represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Toll Brothers Stock Up 2.6%

Shares of NYSE:TOL opened at $155.01 on Wednesday. The stock has a market cap of $14.49 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.25 and a beta of 1.34. The firm has a fifty day moving average price of $148.25 and a 200 day moving average price of $145.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. Toll Brothers Inc. has a 1-year low of $117.50 and a 1-year high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. Sell-side analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

Wall Street Analyst Weigh In

TOL has been the subject of several research analyst reports. BTIG Research assumed coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Benchmark initiated coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $164.88.

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.