Redwood Investment Management LLC Invests $2.27 Million in Toll Brothers Inc. $TOL

Redwood Investment Management LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,746 shares of the construction company’s stock, valued at approximately $2,265,000.

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

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TOL shares. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Piper Sandler cut Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Citigroup raised their price target on Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, August 21st. Barclays lifted their price target on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. Finally, Argus set a $170.00 price objective on Toll Brothers in a research note on Tuesday, June 2nd. Fifteen equities research analysts have rated the stock with a Buy rating, four have given 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 price target of $166.67.

Toll Brothers Stock Performance

Shares of TOL opened at $148.32 on Thursday. The stock has a market capitalization of $13.86 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The company’s fifty day moving average is $151.86 and its two-hundred day moving average is $146.43.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. The company 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 business’s revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the business earned $3.73 EPS. On average, sell-side analysts predict that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given 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 dividend payout ratio (DPR) is presently 8.35%.

Toll Brothers 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.