Hsbc Holdings PLC Acquires 56,712 Shares of Toll Brothers Inc. $TOL

Key Points

• HSBC Holdings increased its Toll Brothers stake by 160.3% in the second quarter, acquiring 56,712 shares and bringing its total holdings to 92,093 shares valued at approximately $15.1 million.
• Institutional investors own 91.76% of Toll Brothers, while insiders hold 1.37%; Chairman Douglas Yearley Jr. and COO Robert Parahus recently sold shares totaling more than $13.3 million.
• Toll Brothers shares opened at $136.56, down 3.6%, despite quarterly EPS and revenue exceeding estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $167.27.

Hsbc Holdings PLC raised its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 160.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,093 shares of the construction company's stock after acquiring an additional 56,712 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Toll Brothers worth $15,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. Western Wealth Management LLC increased its stake in Toll Brothers by 2.6% in the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company's stock worth $359,000 after acquiring an additional 68 shares during the last quarter. Root Financial Partners LLC increased its position in Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company's stock worth $53,000 after purchasing an additional 70 shares during the last quarter. IFP Advisors Inc raised its stake in Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company's stock valued at $433,000 after purchasing an additional 74 shares in the last quarter. Hilton Head Capital Partners LLC raised its stake in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Toll Brothers by 4.7% during the first quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company's stock valued at $242,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Chairman Douglas Yearley, Jr. 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 value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Parahus sold 7,500 shares of the 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 of the company's stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by insiders.

Toll Brothers Stock Down 3.6%

Shares of TOL opened at $136.56 on Wednesday. The firm has a market capitalization of $12.58 billion, a P/E ratio of 10.96, 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. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of $148.81 and a 200-day moving average price of $145.24.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping 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 net margin of 11.14% and a return on equity of 14.21%. The firm's revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.73 EPS. Equities research analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given 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 0.8%. Toll Brothers's dividend payout ratio (DPR) is presently 8.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TOL shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Argus set a $170.00 price target on shares of Toll Brothers in a report on Tuesday, June 2nd. Benchmark started coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a "buy" rating for the company. Weiss Ratings upgraded Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Oppenheimer downgraded Toll Brothers from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 9th. Fourteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $167.27.

Toll Brothers Company 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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