Jupiter Topco LLC Takes $88.65 Million Position in Toll Brothers Inc. $TOL

Jupiter Topco LLC acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 537,935 shares of the construction company’s stock, valued at approximately $88,646,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hilton Head Capital Partners LLC boosted its stake in Toll Brothers by 65.5% in the 1st 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 during the period. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Toll Brothers in the third quarter valued at about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Toll Brothers in the second quarter valued at about $35,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TOL. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a research report on Thursday, June 11th. Benchmark assumed coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. UBS Group lifted their price objective on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Argus set a $170.00 price objective on shares of Toll Brothers in a research report on Tuesday, June 2nd. Fifteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $166.67.

Toll Brothers Stock Performance

TOL opened at $148.32 on Thursday. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36. The firm has a market capitalization of $13.86 billion, a PE ratio of 11.90, a PEG ratio of 1.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The business’s 50-day simple moving average is $151.86 and its 200 day simple moving average is $146.43.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results 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 firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business’s revenue was down 9.7% compared to the same quarter last year. During the same period last year, the company earned $3.73 earnings per share. As a group, sell-side analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is presently 8.35%.

Insider Buying and Selling

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 stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by insiders.

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.