Allianz Asset Management GmbH Has $35.56 Million Stock Position in Toll Brothers Inc. $TOL

Allianz Asset Management GmbH raised its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,841 shares of the construction company's stock after purchasing an additional 8,207 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.23% of Toll Brothers worth $35,560,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TOL. Hilton Head Capital Partners LLC increased its holdings in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock valued at $26,000 after acquiring an additional 74 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in Toll Brothers in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new stake in Toll Brothers during the fourth quarter worth approximately $27,000. Continuum Advisory LLC bought a new stake in Toll Brothers during the second quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the third quarter worth approximately $29,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Up 0.1%

Shares of TOL opened at $141.89 on Tuesday. The stock's 50-day moving average price is $149.38 and its 200 day moving average price is $145.41. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.14 and a beta of 1.34. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The company's quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $3.73 EPS. As a group, research analysts predict that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler lowered shares of Toll Brothers from an "overweight" rating to a "neutral" rating in a research report on Tuesday, June 9th. Barclays upped their price objective on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Tuesday, July 14th. Argus set a $170.00 target price on shares of Toll Brothers in a research note on Tuesday, June 2nd. Citigroup boosted their price objective on Toll Brothers from $176.00 to $179.00 and gave the stock a "buy" rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $167.27.

Insider Activity at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company's 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 owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers 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 position. The disclosure for this sale is available in the SEC filing. 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.

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