Vise Technologies Inc. Acquires 3,487 Shares of Toll Brothers Inc. $TOL

Vise Technologies Inc. raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 57.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,590 shares of the construction company’s stock after acquiring an additional 3,487 shares during the period. Vise Technologies Inc.’s holdings in Toll Brothers were worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in Toll Brothers during the 2nd quarter valued at $705,000. Brown Advisory Inc. increased its holdings in shares of Toll Brothers by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after purchasing an additional 186 shares during the period. NewEdge Advisors LLC raised its position in shares of Toll Brothers by 5.8% during the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after buying an additional 340 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after buying an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Toll Brothers by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after buying an additional 700 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on TOL. Evercore reaffirmed an “outperform” rating and issued a $191.00 price target on shares of Toll Brothers in a report on Thursday. Benchmark began coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. BTIG Research initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Argus set a $170.00 price objective on shares of Toll Brothers in a research note on Tuesday, June 2nd. Finally, Truist Financial raised their price objective on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.25.

Toll Brothers Stock Up 1.3%

Shares of NYSE:TOL opened at $147.03 on Friday. The company’s 50-day moving average price is $151.97 and its two-hundred day moving average price is $146.43. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The firm has a market cap of $13.74 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.19 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business posted $3.73 EPS. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers Inc. will post 12.82 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date 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 (DPR) is 8.35%.

Insider Transactions at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by company insiders.

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.