Redwood Investment Management LLC Takes $2.27 Million Position in Toll Brothers Inc. $TOL

Redwood Investment Management LLC acquired a new stake in Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,746 shares of the construction company’s stock, valued at approximately $2,265,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its holdings 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 buying an additional 68 shares in the last quarter. Root Financial Partners LLC boosted 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 acquiring an additional 70 shares in the last quarter. IFP Advisors Inc grew its holdings 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 worth $433,000 after acquiring an additional 74 shares during the period. Hilton Head Capital Partners LLC grew its holdings in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares during the period. Finally, Bessemer Group Inc. increased its stake in Toll Brothers by 4.7% in the 1st quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock valued at $242,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on 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 completion of the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction dated Thursday, June 18th. The stock was 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 in the company, valued at $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $148.32 on Thursday. The company has a market cap of $13.86 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The company has a 50-day simple moving average of $151.86 and a 200-day simple moving average of $146.43.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm posted $3.73 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid 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 of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is currently 8.35%.

Analyst Ratings Changes

A number of research firms have commented on TOL. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Truist Financial raised their price target on Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Finally, Citigroup increased their price objective 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. Fifteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.67.

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.