GSA Capital Partners LLP Invests $2.16 Million in Toll Brothers Inc. $TOL

GSA Capital Partners LLP purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,114 shares of the construction company’s stock, valued at approximately $2,161,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC boosted 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 valued at $26,000 after acquiring an additional 74 shares during the period. Wiser Advisor Group LLC bought a new position in Toll Brothers during the third quarter worth about $27,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers in the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers in the 3rd quarter worth about $29,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Toll Brothers in the 3rd quarter valued at about $37,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of analyst reports. Evercore restated an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. Truist Financial cut their price target 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. BTIG Research began coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.88.

Toll Brothers Trading Down 0.8%

Shares of Toll Brothers stock opened at $148.09 on Friday. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.23 and a beta of 1.35. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The firm’s 50-day moving average price is $151.69 and its two-hundred day moving average price is $146.40.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 EPS. On average, analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

Insider Buying and Selling at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction on 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 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

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.