8,263 Shares in Toll Brothers Inc. $TOL Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,263 shares of the construction company’s stock, valued at approximately $1,361,000.

Other institutional investors have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased 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 purchasing an additional 74 shares in the last quarter. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers during the third quarter valued at $27,000. Pinnacle Holdings LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers during the third quarter valued at $29,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Toll Brothers in the 3rd quarter worth about $37,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 0.8%

Shares of NYSE:TOL opened at $148.09 on Friday. The stock’s 50-day simple moving average is $151.69 and its two-hundred day simple moving average is $146.40. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.50 EPS. Analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Insider Activity at Toll Brothers

In other 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 owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TOL shares. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. BTIG Research began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. Truist Financial reduced their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.88.

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.