Hillsdale Investment Management Inc. Invests $1.05 Million in Toll Brothers Inc. $TOL

Hillsdale Investment Management Inc. acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,700 shares of the construction company’s stock, valued at approximately $1,051,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TOL. Price T Rowe Associates Inc. MD grew its position in Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Norges Bank purchased a new position in shares of Toll Brothers in the fourth quarter worth $168,312,000. Jennison Associates LLC raised its holdings in shares of Toll Brothers by 52.0% in the fourth quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock worth $147,470,000 after buying an additional 372,976 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Toll Brothers by 663.2% during the third quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock worth $40,112,000 after buying an additional 252,329 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Toll Brothers during the third quarter worth $33,811,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TOL. BTIG Research began coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Weiss Ratings cut Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Finally, Benchmark started coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $164.88.

Insider Transactions at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was 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 of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Toll Brothers Stock Performance

TOL opened at $155.72 on Friday. The firm has a fifty day moving average price of $145.31 and a 200 day moving average price of $145.18. Toll Brothers Inc. has a 1 year low of $115.50 and a 1 year high of $168.36. The stock has a market cap of $14.55 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.27 and a beta of 1.34. 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 (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business earned $3.50 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. Equities research analysts anticipate that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.26 per share. The ex-dividend date is 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 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.