Whittier Trust Co. Buys New Shares in Toll Brothers Inc. $TOL

Whittier Trust Co. bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the 1st quarter, HoldingsChannel.com reports. The fund bought 49,166 shares of the construction company’s stock, valued at approximately $6,776,000.

A number of other large investors have also bought and sold shares of TOL. QRG Capital Management Inc. increased its stake in Toll Brothers by 13.7% in the first quarter. QRG Capital Management Inc. now owns 10,799 shares of the construction company’s stock valued at $1,474,000 after purchasing an additional 1,300 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Toll Brothers by 11.6% during the first quarter. HB Wealth Management LLC now owns 3,484 shares of the construction company’s stock valued at $475,000 after purchasing an additional 362 shares during the period. Moran Wealth Management LLC boosted its holdings in Toll Brothers by 12.6% in the first quarter. Moran Wealth Management LLC now owns 89,488 shares of the construction company’s stock worth $12,212,000 after acquiring an additional 9,992 shares in the last quarter. Argos Wealth Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter worth $405,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Toll Brothers in the first quarter valued at $6,468,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. BTIG Research began coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Citigroup assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Stock Performance

Toll Brothers stock traded down $1.19 during mid-day trading on Tuesday, reaching $153.94. The company’s stock had a trading volume of 110,520 shares, compared to its average volume of 1,206,201. The firm’s fifty day moving average price is $143.93 and its two-hundred day moving average price is $144.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. Toll Brothers Inc. has a 12-month low of $113.52 and a 12-month high of $168.36. The company has a market capitalization of $14.39 billion, a P/E ratio of 11.65, a PEG ratio of 1.30 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. Sell-side analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.26 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

Insider Buying and Selling at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 86,457 shares of company stock valued at $13,468,657 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

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.