Focus Partners Advisor Solutions LLC Makes New Investment in Toll Brothers Inc. $TOL

Key Points

• Focus Partners Advisor Solutions acquired 8,989 shares of Toll Brothers worth approximately $1.48 million, while institutional investors collectively own 91.76% of the homebuilder’s stock.
• Toll Brothers reported quarterly EPS of $2.72, beating estimates of $2.58, and revenue of $2.53 billion, although revenue declined 7.6% year over year. The company pays a quarterly dividend of $0.26, yielding about 0.7% annually.
• The stock opened at $148.09, below its 52-week high of $168.36. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $164.88, while two company executives recently sold shares.

Focus Partners Advisor Solutions LLC bought 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 disclosure with the SEC. The fund bought 8,989 shares of the construction company's stock, valued at approximately $1,481,000.

A number of other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in Toll Brothers by 2,067.8% in the 4th 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 buying an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company's stock valued at $408,062,000 after buying an additional 100,718 shares during the period. Jennison Associates LLC grew its holdings in shares of Toll Brothers by 30.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company's stock valued at $193,589,000 after acquiring an additional 327,953 shares in the last quarter. Norges Bank purchased a new position in shares of Toll Brothers during the 4th quarter valued at $168,312,000. Finally, Bamco Inc. NY increased its stake in shares of Toll Brothers by 0.8% in the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company's stock worth $157,703,000 after acquiring an additional 9,385 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Trading Down 0.1%

Shares of NYSE:TOL opened at $148.09 on Monday. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $13.84 billion, a PE ratio of 11.20, a P/E/G ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The firm has a fifty day moving average price of $151.69 and a 200 day moving average price of $146.41.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. The company had revenue of $2.53 billion for 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 last year, the company earned $3.50 earnings per share. Analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business 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. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers's payout ratio is 7.87%.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company's stock in a transaction that occurred on 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 sale, the chairman owned 321,256 shares of the company's stock, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The sale 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 directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research reports. Argus set a $170.00 price objective on Toll Brothers in a research report on Tuesday, June 2nd. UBS Group raised Toll Brothers from a "buy" rating to a "buy" rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. Evercore reissued an "outperform" rating and issued a $185.00 price target on shares of Toll Brothers in a research note on Thursday, May 21st. Finally, Benchmark assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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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