Milford Funds Ltd. Has $55.31 Million Position in Toll Brothers Inc. $TOL

Milford Funds Ltd. lessened its position in shares of Toll Brothers Inc. (NYSE:TOL) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,735 shares of the construction company’s stock after selling 19,252 shares during the period. Milford Funds Ltd.’s holdings in Toll Brothers were worth $55,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in Toll Brothers by 2,067.8% in 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 bought a new stake in Toll Brothers during the fourth quarter worth $168,312,000. Ascentis Wealth Management LLC lifted its stake in Toll Brothers by 16,397.7% during the second quarter. Ascentis Wealth Management LLC now owns 539,641 shares of the construction company’s stock worth $88,906,000 after purchasing an additional 536,370 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Toll Brothers by 3,700.7% in the 1st quarter. Pacer Advisors Inc. now owns 430,356 shares of the construction company’s stock valued at $58,731,000 after purchasing an additional 419,033 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Toll Brothers by 52.0% in 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 in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research analyst reports. 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. BTIG Research assumed coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Benchmark assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Evercore reiterated an “outperform” rating and issued a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. Finally, Truist Financial lowered their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.88.

Toll Brothers Stock Down 0.8%

Shares of NYSE TOL opened at $148.09 on Friday. The company has a 50 day simple moving average of $151.69 and a 200 day simple moving average of $146.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year 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.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, research analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

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. 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 payout ratio is 7.87%.

Insiders Place Their Bets

In related news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 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. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by insiders.

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.