Toll Brothers Inc. $TOL Position Boosted by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 57.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,590 shares of the construction company’s stock after buying an additional 3,487 shares during the quarter. Vise Technologies Inc.’s holdings in Toll Brothers were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Hilton Head Capital Partners LLC raised its holdings in Toll Brothers by 65.5% during the first 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 stake in Toll Brothers in the third quarter worth about $27,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of Toll Brothers during the 3rd quarter valued at about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Toll Brothers in the 2nd quarter worth approximately $35,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s 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 completion of the sale, the chairman owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were 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 in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Trading Up 1.3%

Shares of NYSE TOL opened at $147.03 on Friday. The company has a current ratio of 4.53, a quick ratio of 0.59 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The business has a 50-day moving average price of $151.97 and a two-hundred day moving average price of $146.43. The firm has a market capitalization of $13.74 billion, a PE ratio of 11.80, a PEG ratio of 1.19 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period last year, the company posted $3.73 earnings per share. As a group, analysts predict that Toll Brothers Inc. will post 12.82 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TOL. Citigroup boosted their target price on shares of Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a report on Friday. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Barclays raised their price objective on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Evercore restated an “outperform” rating and issued a $191.00 target price on shares of Toll Brothers in a report on Thursday. Finally, Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $166.25.

Toll Brothers Company 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.