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

Convergence Investment Partners LLC bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, HoldingsChannel.com reports. The firm bought 8,263 shares of the construction company’s stock, valued at approximately $1,361,000.

A number of other hedge funds have also modified their holdings of the company. Hilton Head Capital Partners LLC increased its stake 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 purchasing an additional 74 shares in the last quarter. Wiser Advisor Group LLC bought a new position in Toll Brothers in the 3rd quarter worth $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers in the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers in the 3rd quarter worth $29,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Toll Brothers in the 3rd quarter worth $37,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Trading Down 0.8%

TOL stock opened at $148.09 on Friday. The firm has a fifty day moving average price of $151.69 and a 200 day moving average price of $146.40. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The firm has a market cap of $13.84 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Toll Brothers’s revenue was down 7.6% on a year-over-year basis. Sell-side analysts anticipate that Toll Brothers Inc. will post 12.69 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. Investors of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date of this dividend 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 presently 7.87%.

Analyst Upgrades and Downgrades

TOL has been the topic of several research analyst reports. Barclays boosted their price objective on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $158.00 to $161.00 in a report on Tuesday, June 9th. Argus set a $170.00 price objective on shares of Toll Brothers in a research report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $164.88.

Insider Transactions 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 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 owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by company insiders.

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.