Infrastructure Capital Advisors LLC Has $8.35 Million Holdings in Toll Brothers Inc. $TOL

Key Points

• Infrastructure Capital Advisors increased its Toll Brothers stake by 62.3% in the second quarter, reaching 50,674 shares valued at approximately $8.35 million. Institutional investors and hedge funds collectively own 91.76% of the company.
• Toll Brothers exceeded quarterly expectations, reporting earnings of $2.97 per share versus the $2.93 consensus and revenue of $2.66 billion, although revenue declined 9.7% year over year.
• The stock opened at $147.03, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $166.25. The company also pays a quarterly dividend of $0.26 per share, representing a 0.7% yield.

Infrastructure Capital Advisors LLC lifted its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 62.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,674 shares of the construction company's stock after buying an additional 19,448 shares during the period. Infrastructure Capital Advisors LLC owned about 0.05% of Toll Brothers worth $8,349,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Western Wealth Management LLC grew its stake in Toll Brothers by 2.6% in the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company's stock valued at $359,000 after purchasing an additional 68 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Toll Brothers by 21.9% during the 4th 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 lifted its stake in shares of Toll Brothers by 2.4% in the 4th 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 during the last quarter. Hilton Head Capital Partners LLC boosted its holdings 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 in the last quarter. Finally, Bessemer Group Inc. raised its holdings 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 buying an additional 80 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred on 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 transaction, the chairman owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. The trade was a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company's stock.

Toll Brothers Price Performance

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

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share 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 firm's quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.73 earnings per share. Equities research analysts forecast that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers's payout ratio is currently 8.35%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TOL. Evercore reissued an "outperform" rating and issued a $191.00 price target on shares of Toll Brothers in a research report on Thursday. Piper Sandler cut Toll Brothers from an "overweight" rating to a "neutral" rating in a research report on Tuesday, June 9th. UBS Group upped their price target on Toll Brothers from $187.00 to $195.00 and gave the stock a "buy" rating in a report on Thursday. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a "market perform" rating to an "outperform" rating and upped their target price for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. Finally, Oppenheimer downgraded shares of Toll Brothers from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus price target of $166.25.

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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