Edgestream Partners L.P. Makes New $8.21 Million Investment in Toll Brothers Inc. $TOL

Edgestream Partners L.P. purchased a new position in Toll Brothers Inc. (NYSE:TOL) during the first quarter, HoldingsChannel.com reports. The fund purchased 60,199 shares of the construction company’s stock, valued at approximately $8,215,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after buying an additional 3,151,509 shares during the last quarter. Norges Bank bought a new position in Toll Brothers in the fourth quarter worth about $168,312,000. Jennison Associates LLC lifted its holdings in Toll Brothers by 52.0% in the fourth quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock worth $147,470,000 after acquiring an additional 372,976 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Toll Brothers by 158.4% in the first quarter. Quantinno Capital Management LP now owns 497,751 shares of the construction company’s stock valued at $67,928,000 after acquiring an additional 305,097 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Toll Brothers by 663.2% in the third quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock valued at $40,112,000 after acquiring an additional 252,329 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Benchmark assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.88.

Insider Activity at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of the 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 transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Toll Brothers Price Performance

NYSE TOL opened at $150.13 on Thursday. Toll Brothers Inc. has a 52 week low of $117.50 and a 52 week high of $168.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.28 and a beta of 1.34. The company has a 50-day moving average price of $148.52 and a two-hundred day moving average price of $146.05.

Toll Brothers (NYSE:TOL) last announced 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 company had revenue of $2.53 billion for 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%. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. Analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is 7.87%.

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.