98,473 Shares in Toll Brothers Inc. $TOL Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 98,473 shares of the construction company’s stock, valued at approximately $16,223,000. Empowered Funds LLC owned 0.11% of Toll Brothers at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TOL. Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after buying an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Toll Brothers during the third quarter worth about $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers in the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers in the 3rd quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Toll Brothers in the 2nd quarter valued at about $35,000. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TOL shares. Truist Financial lifted their target price on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Benchmark began coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. BTIG Research initiated coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating for the company. Citigroup upped their target price on shares of Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Finally, Piper Sandler cut Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Fifteen analysts have rated the stock with 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, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $167.27.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, 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 at this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred 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 transaction, 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

Toll Brothers Stock Up 0.8%

Shares of NYSE TOL opened at $146.33 on Friday. The firm’s fifty day moving average is $151.46 and its 200 day moving average is $146.38. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.19 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the business posted $3.73 earnings per share. Toll Brothers’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend 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 currently 8.35%.

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.