36,940 Shares in Toll Brothers Inc. $TOL Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 36,940 Toll Brothers shares during the second quarter, valued at approximately $6.1 million. Institutional investors collectively own 91.76% of the homebuilder’s stock.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $166.67, despite mixed calls ranging from “underweight” to “outperform.”
• Toll Brothers reported quarterly EPS of $2.97 and revenue of $2.66 billion, exceeding estimates, although revenue declined 9.7% year over year. The company also pays a quarterly dividend of $0.26 per share, yielding about 0.7%.

Deutsche Bank AG purchased a new stake in Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 36,940 shares of the construction company's stock, valued at approximately $6,086,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC lifted its position 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 during the period. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers during the third quarter worth approximately $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Toll Brothers during the second quarter worth approximately $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler downgraded Toll Brothers from an "overweight" rating to a "neutral" rating in a report on Tuesday, June 9th. Citigroup upped their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the stock a "buy" rating in a research report on Friday. Royal Bank Of Canada restated an "outperform" rating and set a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. Finally, Barclays lifted their target price on shares of Toll Brothers from $115.00 to $122.00 and gave the company an "underweight" rating in a report on Tuesday, July 14th. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average target price of $166.67.

Toll Brothers Stock Up 0.3%

TOL opened at $147.58 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. The stock has a market capitalization of $13.79 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 1.35. The business has a 50 day simple moving average of $151.94 and a 200-day simple moving average of $146.45.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the prior year, the business posted $3.73 earnings per share. Toll Brothers's revenue was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is 8.35%.

Insiders Place Their Bets

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Parahus sold 7,500 shares of the company's stock in a transaction dated 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 $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company's stock.

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.

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc. (NYSE:TOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source