UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Toll Brothers Inc. $TOL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Toll Brothers Inc. (NYSE:TOL) by 8.9% during the 2nd quarter, Holdings Channel reports. The firm owned 265,254 shares of the construction company’s stock after buying an additional 21,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Toll Brothers were worth $43,701,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Western Wealth Management LLC boosted its stake in shares of Toll Brothers by 2.6% during the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after acquiring an additional 74 shares in the last quarter. Hilton Head Capital Partners LLC increased its stake in Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Toll Brothers by 4.7% during the first quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock valued at $242,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. UBS Group raised their target price on Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Benchmark began coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Finally, Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Fifteen research analysts have rated the stock with 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 an average rating of “Moderate Buy” and an average price target of $167.27.

Toll Brothers Price Performance

NYSE:TOL opened at $140.76 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The business has a 50 day simple moving average of $150.68 and a 200-day simple moving average of $145.91. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.13 and a beta of 1.34. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.73 earnings per share. Equities analysts forecast that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is presently 8.35%.

Insider Transactions at Toll Brothers

In other 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’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 transaction of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate 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.