Janus Henderson Group PLC Boosts Stake in Toll Brothers Inc. $TOL

Janus Henderson Group PLC raised its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 13.3% during the 1st quarter, Holdings Channel reports. The fund owned 528,903 shares of the construction company’s stock after purchasing an additional 62,168 shares during the period. Janus Henderson Group PLC’s holdings in Toll Brothers were worth $72,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TOL. Western Wealth Management LLC raised its position in shares of Toll Brothers by 2.6% in the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after acquiring an additional 68 shares in the last quarter. Root Financial Partners LLC boosted its position in Toll Brothers by 21.9% during the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. Merit Financial Group LLC grew its stake in Toll Brothers by 0.4% in the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after purchasing an additional 72 shares during the last quarter. IFP Advisors Inc grew its stake in Toll Brothers by 2.4% in the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after purchasing an additional 74 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its holdings in 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. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Robert Parahus sold 7,500 shares of the firm’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 completion of the transaction, the chief operating officer owned 23,457 shares in the company, 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 link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction dated 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 of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TOL shares. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Evercore reissued an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. Citigroup upgraded shares of Toll Brothers from a “neutral” rating to a “buy” rating and raised their target price for the company from $146.00 to $176.00 in a research note on Friday, July 10th. Finally, Truist Financial lowered their target price on shares of 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 analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.88.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $145.75 on Friday. The company has a 50 day moving average price of $149.07 and a 200 day moving average price of $146.08. The firm has a market capitalization of $13.62 billion, a P/E ratio of 11.03, a PEG ratio of 1.21 and a beta of 1.34. 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 52 week low of $117.50 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $3.50 EPS. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

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.