Allstate Corp Buys Shares of 8,760 Toll Brothers Inc. $TOL

Allstate Corp purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,760 shares of the construction company's stock, valued at approximately $1,443,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hilton Head Capital Partners LLC boosted its position in Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC purchased a new position in shares of Toll Brothers in the fourth quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers in the third quarter worth approximately $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Toll Brothers during the second quarter valued at approximately $35,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TOL. Evercore reiterated an "outperform" rating and issued a $191.00 price target on shares of Toll Brothers in a research report on Thursday. Citigroup boosted their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the company a "buy" rating in a research report on Friday. Benchmark began coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a "buy" rating for the company. Weiss Ratings raised Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $166.25.

Insider Buying and Selling at Toll Brothers

In other 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 value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Robert Parahus sold 7,500 shares of the stock in a transaction dated 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 directly owned 23,457 shares of the company's stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company's stock.

Toll Brothers Price Performance

NYSE:TOL opened at $147.03 on Monday. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36. The business's 50-day simple moving average is $151.97 and its two-hundred day simple moving average is $146.44. The stock has a market cap of $13.74 billion, a PE ratio of 11.80, a P/E/G ratio of 1.21 and a beta of 1.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (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 return on equity of 14.21% and a net margin of 11.14%.The firm'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, analysts forecast that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. 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 (DPR) is 8.35%.

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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