Victory Capital Management Inc. Increases Stock Position in Toll Brothers Inc. $TOL

Victory Capital Management Inc. grew its stake in Toll Brothers Inc. (NYSE:TOL) by 209.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 917,184 shares of the construction company’s stock after buying an additional 621,117 shares during the period. Victory Capital Management Inc. owned approximately 0.95% of Toll Brothers worth $126,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TOL. AQR Capital Management LLC grew its position in Toll Brothers by 83.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after purchasing an additional 1,183,304 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Toll Brothers by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock worth $229,586,000 after buying an additional 78,035 shares during the last quarter. Norges Bank bought a new position in shares of Toll Brothers in the second quarter worth approximately $154,782,000. Holocene Advisors LP grew its holdings in shares of Toll Brothers by 150.7% during the second quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock valued at $142,631,000 after buying an additional 751,255 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Toll Brothers by 116.9% during the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after buying an additional 611,523 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $153.46 on Thursday. The stock has a 50-day moving average price of $149.07 and a 200 day moving average price of $141.17. The stock has a market capitalization of $14.53 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.20 and a beta of 1.45. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $1.75 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a $0.25 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.14%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Citizens Jmp reissued a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, February 18th. Citigroup boosted their target price on shares of Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. BTIG Research began coverage on Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.25.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the sale, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. The trade was a 12.31% 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 corporate insiders.

Trending Headlines about Toll Brothers

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

• Positive Sentiment: Truist initiated coverage with a “Buy” and a $190 price target (~24% upside from current levels), which can lift demand for the shares by attracting buy-side interest. Toll Brothers Truist Coverage
• Positive Sentiment: Zacks Research raised Q3 EPS estimates for Toll Brothers, signaling some upward revision to near‑term profitability expectations. This supports the case for stronger later‑cycle earnings. Q3 EPS Estimates for Toll Brothers Raised by Zacks Research
• Positive Sentiment: Toll Brothers continues to expand its for-sale pipeline with several community announcements and openings (Tomball, TX; Sellersville, PA; Ridgefield, WA; final townhome availability in Mira Vista, San Diego). These releases indicate ongoing lot absorption and new revenue opportunities in key markets. Tomball, TX announcement Sellersville, PA opening Ridgefield, WA opening Mira Vista, San Diego final homes
• Neutral Sentiment: Zacks maintains an overall “Hold” on TOL and has issued mixed estimate changes (some quarter raises, some cuts). The rating tempers upside from positive guidance but keeps analysts constructive on longer-term earnings. (Source: Zacks research notes summarized by MarketBeat)
• Negative Sentiment: Zacks trimmed near-term EPS forecasts for Q1 2028 and cut Q2 2026 estimates significantly, reflecting moderated expectations for short‑term results — this can pressure the stock if investors focus on near‑term earnings risk.
• Negative Sentiment: Macro headwinds: a Barron’s piece highlights that higher mortgage rates and falling home sales are pressuring builder stocks broadly, a sector-level risk that can weigh on Toll Brothers even if company fundamentals remain solid. Higher Mortgage Rates, Fewer Sales Hit Builder Stocks
• Negative Sentiment: Analyst skepticism: a Seeking Alpha piece argues there isn’t enough conviction to upgrade to a buy, which can slow momentum among more cautious investors. Toll Brothers: Still Not Enough Conviction To Upgrade To A Buy

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.