Empowered Funds LLC Invests $16.22 Million in Toll Brothers Inc. $TOL

Empowered Funds LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, Holdings Channel reports. The fund purchased 98,473 shares of the construction company’s stock, valued at approximately $16,223,000.

A number of other hedge funds have also recently modified their holdings of the business. Sivia Capital Partners LLC bought a new position in Toll Brothers in the 2nd quarter worth $705,000. Brown Advisory Inc. raised its holdings in Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after acquiring an additional 186 shares during the period. NewEdge Advisors LLC raised its holdings in 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 acquiring an additional 340 shares during the period. Sei Investments Co. lifted its position 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 acquiring an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted 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 worth $5,274,000 after acquiring an additional 700 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on 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 represents a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TOL. BTIG Research assumed coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. 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. Citigroup raised their target price 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Friday. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $167.27.

Toll Brothers Stock Up 0.8%

Shares of TOL opened at $146.33 on Friday. The business has a fifty day moving average of $151.46 and a 200 day moving average of $146.38. The company has a market cap of $13.68 billion, a PE ratio of 11.74, a P/E/G ratio of 1.19 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 analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.73 EPS. On average, sell-side analysts expect that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is presently 8.35%.

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.