Toll Brothers Inc. $TOL Shares Purchased by Lighthouse Investment Partners LLC

Key Points

• Lighthouse Investment Partners increased its stake in Toll Brothers by 18.2% in Q3 to 95,304 shares, worth about $13.17 million (≈0.10% of the company).
• Insiders trimmed positions: CEO Douglas C. Yearley sold 45,116 shares at an average of $160.42 (≈$7.24M), cutting his stake by 12.31%, and Director Paul E. Shapiro sold 3,965 shares.
• Toll Brothers beat expectations with Q results of $2.19 EPS vs. $2.05 consensus and revenue of $2.15B (up 15.4% YoY), raised the quarterly dividend to $0.26, and carries a MarketBeat consensus of "Moderate Buy" with an average target of $165.25.

Lighthouse Investment Partners LLC grew its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 18.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,304 shares of the construction company's stock after acquiring an additional 14,668 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.10% of Toll Brothers worth $13,165,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kaufman Rossin Wealth LLC raised its stake in Toll Brothers by 2.3% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,859 shares of the construction company's stock worth $533,000 after purchasing an additional 86 shares during the period. US Bancorp DE increased its holdings in shares of Toll Brothers by 1.5% during the 3rd quarter. US Bancorp DE now owns 6,110 shares of the construction company's stock worth $844,000 after buying an additional 88 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Toll Brothers by 5.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,681 shares of the construction company's stock worth $233,000 after buying an additional 93 shares during the period. HM Payson & Co. raised its position in shares of Toll Brothers by 6.0% in the 3rd quarter. HM Payson & Co. now owns 1,760 shares of the construction company's stock worth $243,000 after buying an additional 100 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in Toll Brothers by 4.9% in the third quarter. Wedbush Securities Inc. now owns 2,160 shares of the construction company's stock valued at $298,000 after acquiring an additional 101 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,965 shares of the company's stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares of the company's stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Oppenheimer reissued an "outperform" rating and set a $180.00 price target (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 18th. The Goldman Sachs Group boosted their target price on Toll Brothers from $140.00 to $156.00 and gave the stock a "neutral" rating in a report on Tuesday, January 13th. BTIG Research initiated coverage on shares of Toll Brothers in a research report on Monday, December 1st. They set a "neutral" rating for the company. Finally, Weiss Ratings upgraded shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $165.25.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $136.56 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $168.36. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.06 and a beta of 1.45. The business has a 50-day moving average of $150.04 and a 200-day moving average of $141.66.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.05 by $0.14. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The company's revenue was up 15.4% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. On average, equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.26 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, April 10th. Toll Brothers's payout ratio is 7.14%.

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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