Annex Advisory Services LLC Acquires 14,829 Shares of Toll Brothers Inc. $TOL

Key Points

• Annex Advisory Services increased its Toll Brothers stake by 32.4%, purchasing 14,829 shares to reach 60,662 shares valued at approximately $9.99 million. Institutional investors collectively own 91.76% of the homebuilder.
• Toll Brothers exceeded quarterly expectations, reporting $2.72 in earnings per share on $2.53 billion in revenue, although revenue declined 7.6% year over year. Analysts expect $12.69 in full-year EPS.
• The stock traded at $152.61, while analysts maintained an overall “Moderate Buy” consensus with an average price target of $164.88; the company also pays a quarterly dividend of $0.26 per share.

Annex Advisory Services LLC grew its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 32.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,662 shares of the construction company's stock after purchasing an additional 14,829 shares during the quarter. Annex Advisory Services LLC owned about 0.06% of Toll Brothers worth $9,994,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Hilton Head Capital Partners LLC grew its stake in shares of Toll Brothers by 65.5% during 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 period. Wiser Advisor Group LLC acquired a new position in Toll Brothers in the third quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers in the third quarter valued at about $29,000. Finally, Turning Point Benefit Group Inc. bought a new position in Toll Brothers during the third quarter worth about $37,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

NYSE TOL opened at $152.61 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.24 and a beta of 1.35. The business has a 50 day simple moving average of $151.09 and a 200 day simple moving average of $146.35. 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 announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Analysts anticipate that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors 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 dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers's dividend payout ratio (DPR) is presently 7.87%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer downgraded shares of Toll Brothers from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 9th. Royal Bank Of Canada restated an "outperform" rating and set a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. Piper Sandler downgraded shares of Toll Brothers from an "overweight" rating to a "neutral" rating in a research note on Tuesday, June 9th. BTIG Research began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a "buy" rating on the stock. Finally, Evercore reissued an "outperform" rating and set a $185.00 price target on shares of Toll Brothers in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $164.88.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the 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 completion of the transaction, the chairman owned 321,256 shares in the company, 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 accessible through this link. Also, COO Robert Parahus sold 7,500 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares of the company's stock, valued at approximately $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. Insiders own 1.37% of the company's stock.

About Toll Brothers

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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