31,226 Shares in Toll Brothers Inc. $TOL Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC acquired a new stake in Toll Brothers Inc. (NYSE:TOL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,226 shares of the construction company’s stock, valued at approximately $4,261,000.

Several other large investors also recently bought and sold shares of TOL. Price T Rowe Associates Inc. MD increased its position in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Toll Brothers by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after purchasing an additional 100,718 shares during the period. Jennison Associates LLC grew its stake in Toll Brothers by 30.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after buying an additional 327,953 shares during the last quarter. Norges Bank purchased a new position in Toll Brothers during the 4th quarter worth approximately $168,312,000. Finally, Bamco Inc. NY increased its position in Toll Brothers by 0.8% during the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock worth $157,703,000 after buying an additional 9,385 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $151.14 on Tuesday. Toll Brothers Inc. has a 12 month low of $117.50 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The business has a 50 day simple moving average of $147.62 and a 200-day simple moving average of $145.81. The stock has a market capitalization of $14.13 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last issued its quarterly 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 return on equity of 15.47% and a net margin of 11.66%.The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.26 dividend. 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 dividend payout ratio (DPR) is 7.87%.

Insider Buying and Selling at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of Toll Brothers 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 sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s 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 transaction, 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 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 company insiders.

Analysts Set New Price Targets

TOL has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. BTIG Research began coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Finally, UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.88.

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.