Hsbc Holdings PLC Grows Stake in Toll Brothers Inc. $TOL

Key Points

• Hsbc Holdings PLC has increased its stake in Toll Brothers Inc. by 3.6%, acquiring a total of 86,090 shares valued at approximately $9 million.
• Several institutional investors demonstrated significant interest in Toll Brothers, with Balyasny Asset Management increasing its position by an astounding 24,475.1% and owning over 1.1 million shares.
• Toll Brothers announced a quarterly dividend of $0.25 per share with a yield of 0.7%, and the company reported a net margin of 12.64% for the last quarter.

Hsbc Holdings PLC boosted its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,090 shares of the construction company's stock after purchasing an additional 2,966 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of Toll Brothers worth $9,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Greenhaven Associates Inc. boosted its position in shares of Toll Brothers by 0.5% during the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock valued at $587,353,000 after acquiring an additional 26,079 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company's stock valued at $227,988,000 after acquiring an additional 375,372 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock valued at $153,234,000 after acquiring an additional 239,917 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after acquiring an additional 1,110,192 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock valued at $102,907,000 after buying an additional 583,940 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research reports. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. UBS Group reissued a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Evercore ISI reissued an "outperform" rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Barclays reissued an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods lifted their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and a consensus target price of $147.85.

Toll Brothers Trading Down 0.4%

Shares of TOL traded down $0.51 during mid-day trading on Friday, hitting $138.37. 578,904 shares of the company's stock traded hands, compared to its average volume of 1,772,995. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm has a market capitalization of $13.59 billion, a P/E ratio of 10.16, a PEG ratio of 0.91 and a beta of 1.33. The business's 50-day moving average price is $123.26 and its 200-day moving average price is $111.72.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm had revenue of $2.95 billion for the quarter, compared to analysts' expectations of $2.86 billion. During the same period in the previous year, the firm earned $3.60 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers's payout ratio is currently 7.35%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director directly owned 12,787 shares in the company, valued at $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total value of $1,286,288.04. Following the sale, the chief operating officer owned 19,692 shares in the company, valued at $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,601 shares of company stock valued at $1,726,874. Company insiders own 1.54% of the company's stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.