214,438 Toll Brothers Inc. $TOL Shares Bought by Annex Advisory Services LLC

Key Points

• Annex Advisory Services increased its Toll Brothers stake by 353.5% in the third quarter, buying 214,438 additional shares for a total of 275,100 shares valued at approximately $37.1 million. Hedge funds and institutional investors collectively own 91.76% of the company.
• Toll Brothers exceeded quarterly EPS and revenue estimates, reporting $2.97 EPS and $2.66 billion in revenue, although revenue declined 9.7% year over year and EPS fell from $3.73 in the prior-year period.
• The stock recently traded at $133.49, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $166.67. The company also declared a quarterly dividend of $0.26 per share, yielding about 0.8%.

Annex Advisory Services LLC raised its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 353.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 275,100 shares of the construction company's stock after buying an additional 214,438 shares during the period. Annex Advisory Services LLC owned about 0.30% of Toll Brothers worth $37,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Toll Brothers in the second quarter worth about $1,610,696,000. State Street Corp increased its holdings in Toll Brothers by 4.4% in the 2nd quarter. State Street Corp now owns 3,505,828 shares of the construction company's stock worth $577,585,000 after acquiring an additional 146,163 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Toll Brothers by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company's stock worth $408,062,000 after acquiring an additional 100,718 shares in the last quarter. Jennison Associates LLC increased its holdings in Toll Brothers by 30.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company's stock worth $193,589,000 after acquiring an additional 327,953 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in Toll Brothers during the 2nd quarter worth approximately $166,250,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Toll Brothers stock opened at $133.49 on Friday. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $139.43 and a 200-day moving average price of $142.99. The firm has a market capitalization of $12.30 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm's revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.73 EPS. As a group, equities research analysts forecast that Toll Brothers Inc. will post 12.80 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 9th. Toll Brothers's dividend payout ratio is presently 8.35%.

Toll Brothers News Roundup

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

• Positive Sentiment: Toll Brothers announced several new luxury-home opportunities, including a new phase at Griffith Lakes in Charlotte, North Carolina; the Toll Brothers at Everly community in Spartanburg, South Carolina; and the upcoming lakefront Cypress Reserve community in Clermont, Florida. These openings expand the company’s selling pipeline and could support future orders and revenue. Griffith Lakes announcement Everly announcement Cypress Reserve announcement
• Positive Sentiment: The company also announced Magnolia Green, a new Nashville-area community in Franklin, Tennessee, with sales expected to begin after construction starts in early 2027. The LakePointe master-planned community in Covington, Washington, developed with Brookfield Residential, further broadens TOL’s geographic pipeline. Magnolia Green announcement LakePointe announcement
• Neutral Sentiment: Citigroup and RBC reduced their price targets to $168 and $148, respectively, but retained bullish ratings of “buy” and “outperform.” The cuts signal more cautious expectations, while the ratings indicate analysts still see upside from current levels.
• Negative Sentiment: Investor attention remains focused on earnings: the latest quarter’s revenue and EPS exceeded estimates, but revenue fell 9.7% year over year and EPS declined from the prior-year period. Articles also note that the stock’s valuation case depends on earnings holding up, leaving demand, margins, and mortgage affordability as key risks.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen East sold 800 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the sale, the director directly owned 12,642 shares of the company's stock, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

TOL has been the topic of several analyst reports. UBS Group lifted their price target on shares of Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Evercore set a $184.00 price target on shares of Toll Brothers in a research report on Friday, September 25th. Morgan Stanley began coverage on shares of Toll Brothers in a research note on Thursday, October 1st. They issued an "overweight" rating and a $159.00 price objective for the company. Melius Research started coverage on shares of Toll Brothers in a research report on Tuesday, October 6th. They set a "buy" rating and a $179.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 29th. Fourteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.67.

Toll Brothers Company Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.

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