Old North State Trust LLC Buys Shares of 8,044 Toll Brothers Inc. $TOL

Key Points

• Old North State Trust initiated a Toll Brothers position by buying 8,044 shares valued at approximately $1.325 million. Institutional investors and hedge funds collectively own 91.76% of the homebuilder.
• Toll Brothers exceeded quarterly expectations with EPS of $2.97 versus the $2.93 consensus and revenue of $2.66 billion versus $2.62 billion expected, though revenue fell 9.7% year over year and EPS declined from $3.73.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and average price target of $166.67, but insider selling and the stock’s recent trading below its 50-day moving average remain cautionary signals.

Old North State Trust LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,044 shares of the construction company's stock, valued at approximately $1,325,000.

Several other large investors have also made changes to their positions in the company. Sivia Capital Partners LLC acquired a new position in Toll Brothers during the second quarter valued at approximately $705,000. Brown Advisory Inc. increased its stake in shares of Toll Brothers by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company's stock valued at $481,000 after purchasing an additional 186 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company's stock valued at $708,000 after purchasing an additional 340 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Toll Brothers by 164.9% during the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company's stock worth $4,400,000 after buying an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Toll Brothers by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company's stock worth $5,274,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Activity

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business's 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 transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% 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.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays raised their price objective on Toll Brothers from $115.00 to $122.00 and gave the company an "underweight" rating in a research note on Tuesday, July 14th. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Citigroup raised their price target on shares of Toll Brothers from $176.00 to $179.00 and gave the company a "buy" rating in a research note on Friday, August 21st. Finally, Truist Financial lifted their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Fifteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.67.

Trending Headlines about Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

• Positive Sentiment: Toll Brothers continues to expand in attractive luxury housing markets, announcing new communities near Dallas, in California, Las Vegas, and Harrison, New York. The developments increase its future selling opportunities and reinforce the company’s premium-market positioning. New Dallas-area community
• Positive Sentiment: The Harrison, New York, project is expected to launch this fall with luxury townhomes priced from approximately $1.6 million, while the Cumming, Georgia, model home is now available for purchase. These announcements could support future orders and revenue, although they are not immediate financial catalysts. Harrison luxury townhome community
• Neutral Sentiment: Recent developments in San Bruno, California, Las Vegas, and other markets demonstrate ongoing geographic growth, but the releases provided no pricing, order, margin, or earnings guidance. Their near-term impact on TOL’s valuation is therefore limited. Las Vegas community announcement
• Negative Sentiment: An analysis argues that Toll Brothers’ earnings per share improved without growth in total earnings, implying that share repurchases or a lower share count—not stronger profitability—supported per-share results. This is concerning because quarterly revenue fell about 9.7% year over year and earnings declined from the prior-year period. Toll Brothers earnings-per-share analysis
• Negative Sentiment: Recent insider activity is also a cautionary signal: company insiders made four reported open-market sales over the past six months and no purchases. The stock is trading below its 50-day moving average and close to its 200-day average, indicating continued investor pressure.

Toll Brothers Trading Down 2.1%

TOL opened at $145.05 on Friday. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $151.65 and a 200-day moving average of $146.38. The stock has a market cap of $13.56 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35.

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 (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.04. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. Toll Brothers's revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.73 earnings per share. On average, sell-side analysts predict that Toll Brothers Inc. will post 12.81 EPS 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 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 currently 8.35%.

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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