8,000 Shares in Toll Brothers Inc. $TOL Bought by Buckland Partners Management Co LLC

Key Points

• Buckland Partners Management purchased 8,000 Toll Brothers shares worth approximately $1.32 million in the second quarter. Institutional investors collectively own 91.76% of the homebuilder.
• Toll Brothers’ latest quarterly results exceeded expectations, with earnings of $2.72 per share and revenue of $2.53 billion, although revenue declined 7.6% year over year.
• Insiders sold shares, including 77,957 shares sold by Chairman Douglas Yearley and 7,500 by COO Robert Parahus. Analysts maintain a “Moderate Buy” consensus with an average price target of $164.88, compared with the stock’s recent price of $145.37.

Buckland Partners Management Co LLC purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,000 shares of the construction company's stock, valued at approximately $1,318,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Toll Brothers in the 2nd quarter valued at about $1,610,696,000. Price T Rowe Associates Inc. MD grew its holdings in Toll Brothers by 2,067.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company's stock valued at $446,756,000 after purchasing an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP grew its holdings in Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company's stock valued at $408,062,000 after purchasing an additional 100,718 shares during the period. Jennison Associates LLC increased its position in shares of Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company's stock valued at $193,589,000 after buying an additional 327,953 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $168,312,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the sale, the chief operating officer owned 23,457 shares of the company's stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was 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 disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by insiders.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $145.37 on Tuesday. The firm has a 50-day simple moving average of $151.85 and a 200-day simple moving average of $146.43. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.14. The business 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 was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 earnings per share. On average, equities analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers's payout ratio is currently 7.87%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TOL shares. UBS Group raised shares of Toll Brothers from a "buy" rating to a "buy" rating in a research note on Tuesday, June 9th. Oppenheimer cut shares of Toll Brothers from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 9th. Argus set a $170.00 price objective on shares of Toll Brothers in a report on Tuesday, June 2nd. Benchmark assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a "buy" rating on the stock. Finally, Piper Sandler cut shares of Toll Brothers from an "overweight" rating to a "neutral" rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned 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 presently has an average rating of "Moderate Buy" and a consensus target price of $164.88.

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.

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