Vanguard Personalized Indexing Management LLC Has $2.20 Million Stake in Toll Brothers Inc. $TOL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Toll Brothers Inc. by 31.4%, holding shares valued at approximately $2.2 million as of the latest SEC filing.
• Toll Brothers reported a quarterly earnings per share of $3.73, surpassing analyst estimates of $3.59, and generated revenue of $2.95 billion, which also exceeded predictions.
• The company announced a quarterly dividend of $0.25 per share, which will be paid on October 24th, 2023, reflecting an annualized dividend yield of 0.7%.

Vanguard Personalized Indexing Management LLC grew its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 31.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,291 shares of the construction company's stock after acquiring an additional 4,606 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Toll Brothers were worth $2,202,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Sovereign Financial Group Inc. increased its stake in Toll Brothers by 35.8% during the 2nd quarter. Sovereign Financial Group Inc. now owns 3,763 shares of the construction company's stock worth $429,000 after purchasing an additional 993 shares in the last quarter. waypoint wealth counsel acquired a new position in shares of Toll Brothers in the second quarter valued at approximately $286,000. Costello Asset Management INC bought a new stake in shares of Toll Brothers during the second quarter worth $200,000. Callan Family Office LLC raised its holdings in shares of Toll Brothers by 110.4% during the second quarter. Callan Family Office LLC now owns 6,819 shares of the construction company's stock worth $778,000 after acquiring an additional 3,578 shares during the period. Finally, US Bancorp DE lifted its position in Toll Brothers by 10.8% in the 2nd quarter. US Bancorp DE now owns 6,022 shares of the construction company's stock valued at $687,000 after acquiring an additional 586 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Up 0.1%

NYSE TOL opened at $134.37 on Friday. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $136.86 and a 200-day moving average of $118.28. The company has a market cap of $12.95 billion, a PE ratio of 9.87, a PEG ratio of 1.59 and a beta of 1.40.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 10th. Toll Brothers's dividend payout ratio (DPR) is 7.35%.

Insider Buying and Selling

In other news, COO Robert Parahus sold 9,831 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares of the company's stock, valued at $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the transaction, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,643 shares of company stock worth $5,305,630. Company insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TOL shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Toll Brothers in a report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Citigroup lifted their target price on Toll Brothers from $138.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Royal Bank Of Canada upped their price target on Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and an average price target of $149.43.

About Toll Brothers

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.

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