iA Global Asset Management Inc. Buys Shares of 271,298 Toll Brothers Inc. $TOL

iA Global Asset Management Inc. purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to its most recent filing with the SEC. The firm purchased 271,298 shares of the construction company’s stock, valued at approximately $44,696,000. iA Global Asset Management Inc. owned 0.29% of Toll Brothers at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TOL. Sivia Capital Partners LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter worth approximately $705,000. Brown Advisory Inc. raised its holdings in Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after purchasing an additional 186 shares during the last quarter. NewEdge Advisors LLC boosted its position in Toll Brothers by 5.8% during the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after purchasing an additional 340 shares in the last quarter. Sei Investments Co. boosted its position in Toll Brothers by 164.9% during the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after purchasing an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Toll Brothers by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TOL shares. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Truist Financial decreased their price objective on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Benchmark initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. 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 report on Friday, July 10th. Finally, UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. One investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

Toll Brothers Stock Performance

Toll Brothers stock opened at $149.09 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a fifty day moving average of $151.48 and a two-hundred day moving average of $146.38. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL) last released its quarterly 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 return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm posted $3.50 earnings per share. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction of $12,206,507.06. Following the sale, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This trade represents 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 corporate 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.