Whittier Trust Co. of Nevada Inc. Takes Position in Toll Brothers Inc. $TOL

Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,829 shares of the construction company’s stock, valued at approximately $3,422,000.

A number of other institutional investors have also recently added to or reduced their stakes in TOL. Greenhaven Associates Inc. boosted its stake in Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after buying an additional 22,218 shares in the last quarter. Capital World Investors grew its stake in shares of Toll Brothers by 51.5% in the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after purchasing an additional 1,763,211 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after purchasing an additional 974,567 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Toll Brothers in the 4th quarter worth approximately $168,312,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction dated 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 $3,510,574.62. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 86,457 shares of company stock valued at $13,468,657 in the last three months. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on TOL shares. Evercore reissued an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research note on Thursday, May 21st. Truist Financial dropped their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Weiss Ratings lowered Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Finally, Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $158.00 to $161.00 in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Toll Brothers Trading Down 0.8%

Toll Brothers stock traded down $1.19 during midday trading on Tuesday, reaching $153.94. The stock had a trading volume of 110,520 shares, compared to its average volume of 1,206,201. Toll Brothers Inc. has a twelve month low of $113.52 and a twelve month high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.30 and a beta of 1.34. The firm’s fifty day simple moving average is $143.93 and its two-hundred day simple moving average is $144.55.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $3.50 EPS. The company’s revenue was down 7.6% on a year-over-year basis. Equities analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is 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 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.