Sone Capital Management LLC Buys New Holdings in Toll Brothers Inc. $TOL

Sone Capital Management LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 114,762 shares of the construction company’s stock, valued at approximately $18,907,000. Toll Brothers comprises about 1.4% of Sone Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Sone Capital Management LLC owned approximately 0.12% of Toll Brothers as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC raised its holdings in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers during the third quarter worth $27,000. Pinnacle Holdings LLC purchased a new position in Toll Brothers in the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in Toll Brothers in the third quarter valued at $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Toll Brothers in the second quarter valued at $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

TOL stock opened at $147.58 on Tuesday. The company has a market capitalization of $13.79 billion, a P/E ratio of 11.84, a PEG ratio of 1.21 and a beta of 1.35. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The business has a 50 day simple moving average of $151.94 and a 200-day simple moving average of $146.45. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company posted $3.73 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. As a group, equities analysts anticipate that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.26 dividend. 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 payout ratio is currently 8.35%.

Insiders Place Their Bets

In other news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’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 transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BTIG Research started coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. UBS Group increased their price target on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Finally, Evercore restated an “outperform” rating and issued a $191.00 target price on shares of Toll Brothers in a report on Thursday. Fifteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.67.

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.