McLaughlin Asset Management Inc. Makes New Investment in Toll Brothers Inc. $TOL

McLaughlin Asset Management Inc. acquired a new position in Toll Brothers Inc. (NYSE:TOL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,075 shares of the construction company’s stock, valued at approximately $1,227,000. Toll Brothers makes up about 1.1% of McLaughlin Asset Management Inc.’s holdings, making the stock its 26th biggest position.

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

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’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 of the company’s stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director owned 13,442 shares of the company’s stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TOL has been the topic of a number of research reports. Citigroup initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set an “outperform” rating on the stock. BTIG Research assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. 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. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Finally, Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.56.

Key Headlines Impacting Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

• Positive Sentiment: Toll Brothers opened new luxury home communities and model centers in Germantown, Maryland; Cumming, Georgia; Princeton, New Jersey; Las Vegas, Nevada; and Santa Clara, California, reinforcing its growth pipeline and expansion in high-end housing markets.
• Positive Sentiment: The company confirmed a quarterly cash dividend of $0.26 per share, underscoring shareholder returns and financial stability. Toll Brothers Announces Cash Dividend
• Positive Sentiment: Recent coverage highlighted investor interest in Toll Brothers’ valuation discount and noted the stock has outperformed since its last earnings report, suggesting sentiment remains constructive. Why Is Toll Brothers (TOL) Up 9.8% Since Last Earnings Report?
• Neutral Sentiment: The chairman, Douglas C. Jr. Yearley, sold 77,957 shares at $156.58, a notable insider transaction that could be viewed as routine profit-taking but may slightly weigh on sentiment. SEC Form 4 Filing

Toll Brothers Stock Performance

Shares of TOL stock opened at $155.66 on Friday. Toll Brothers Inc. has a 12 month low of $105.65 and a 12 month high of $168.36. The stock has a market cap of $14.55 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $140.31 and its 200-day moving average price is $142.89.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. The company had revenue of $2.53 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $3.50 EPS. On average, equities analysts expect that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders 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 yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio 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.