Quantinno Capital Management LP Acquires 305,097 Shares of Toll Brothers Inc. $TOL

Quantinno Capital Management LP lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 158.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,751 shares of the construction company’s stock after purchasing an additional 305,097 shares during the quarter. Quantinno Capital Management LP’s holdings in Toll Brothers were worth $67,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in Toll Brothers by 2,067.8% during the 4th 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 lifted its stake in Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after buying an additional 100,718 shares in the last quarter. Jennison Associates LLC lifted its stake in Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after buying an additional 327,953 shares in the last quarter. Norges Bank acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $168,312,000. Finally, Bamco Inc. NY boosted its holdings in shares of Toll Brothers by 0.8% in the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock valued at $157,703,000 after buying an additional 9,385 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Robert Parahus sold 7,500 shares of the firm’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 completion of the sale, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale 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 Toll Brothers stock in a transaction dated 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 owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $155.01 on Wednesday. Toll Brothers Inc. has a 1-year low of $117.50 and a 1-year high of $168.36. 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 has a fifty day simple moving average of $148.25 and a 200 day simple moving average of $145.95. The stock has a market capitalization of $14.49 billion, a PE ratio of 11.73, a P/E/G ratio of 1.25 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. On average, research analysts expect 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. Stockholders of record on Friday, July 10th were issued 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 is presently 7.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Barclays upped their target price on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Evercore reiterated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a report on Thursday, May 21st. Benchmark started coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.88.

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.