Sei Investments Co. Purchases 16,480 Shares of Toll Brothers Inc. $TOL

Sei Investments Co. lifted its position in Toll Brothers Inc. (NYSE:TOL) by 69.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,097 shares of the construction company’s stock after buying an additional 16,480 shares during the period. Sei Investments Co.’s holdings in Toll Brothers were worth $5,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Toll Brothers by 2,067.8% during the fourth 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 acquiring an additional 3,151,509 shares during the last quarter. Norges Bank purchased a new position in Toll Brothers in the fourth quarter worth about $168,312,000. Jennison Associates LLC grew its stake in shares of Toll Brothers by 52.0% during the 4th quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock valued at $147,470,000 after purchasing an additional 372,976 shares during the period. Two Sigma Investments LP grew its stake in shares of Toll Brothers by 663.2% during the 3rd quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock valued at $40,112,000 after purchasing an additional 252,329 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Toll Brothers during the 3rd quarter valued at about $33,811,000. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TOL. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Evercore reaffirmed an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a report on Thursday, May 21st. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Finally, Oppenheimer cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.88.

Toll Brothers Stock Up 1.8%

NYSE TOL opened at $153.22 on Wednesday. The stock’s 50-day moving average price is $149.70 and its 200-day moving average price is $146.14. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 52 week low of $122.13 and a 52 week high of $168.36. The company has a market capitalization of $14.32 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. On average, equities research analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The company 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio is presently 7.87%.

Insider Buying and Selling

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This trade represents a 24.23% 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.

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.