Royal Bank of Canada Has $42.55 Million Stake in Toll Brothers Inc. $TOL

Royal Bank of Canada grew its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 29.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 311,776 shares of the construction company’s stock after buying an additional 71,399 shares during the period. Royal Bank of Canada’s holdings in Toll Brothers were worth $42,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TOL. Allspring Global Investments Holdings LLC increased its stake in Toll Brothers by 25.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock worth $14,694,000 after purchasing an additional 21,907 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Toll Brothers by 30.8% in the fourth quarter. Annex Advisory Services LLC now owns 44,251 shares of the construction company’s stock valued at $5,984,000 after buying an additional 10,420 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Toll Brothers by 52.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock valued at $6,105,000 after buying an additional 15,526 shares during the period. Summit Place Financial Advisors LLC increased its position in shares of Toll Brothers by 89.1% during the fourth quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company’s stock worth $1,743,000 after acquiring an additional 6,075 shares in the last quarter. Finally, Investment House LLC raised its holdings in shares of Toll Brothers by 103.2% during the fourth quarter. Investment House LLC now owns 33,849 shares of the construction company’s stock worth $4,577,000 after acquiring an additional 17,193 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Argus set a $170.00 target price on shares of Toll Brothers in a research note on Tuesday, June 2nd. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Citigroup raised 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 report on Friday, July 10th. Finally, BTIG Research initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.88.

Toll Brothers Stock Performance

NYSE TOL opened at $145.75 on Monday. The firm has a market capitalization of $13.62 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $149.07 and its two-hundred day moving average price is $146.07. Toll Brothers Inc. has a 1 year low of $117.50 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 EPS. As a group, research analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given 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 presently 7.87%.

Insider Activity at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Toll Brothers Company 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.