UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $43.70 Million Position in Toll Brothers Inc. $TOL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Toll Brothers Inc. (NYSE:TOL) by 8.9% 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 owned 265,254 shares of the construction company’s stock after purchasing an additional 21,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of Toll Brothers worth $43,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TOL. BlackRock Inc. bought a new position in Toll Brothers in the 2nd quarter valued at approximately $1,610,696,000. Price T Rowe Associates Inc. MD lifted its holdings 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 buying an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $408,062,000 after acquiring an additional 100,718 shares during the period. Jennison Associates LLC lifted its position in shares of Toll Brothers by 30.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after purchasing an additional 327,953 shares during the period. Finally, Norges Bank bought a new stake in Toll Brothers during the fourth quarter valued at $168,312,000. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TOL shares. Argus set a $170.00 price target on Toll Brothers in a report on Tuesday, June 2nd. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research note 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. UBS Group upped their target price on Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Citigroup raised their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.27.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was 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 owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This trade represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Toll Brothers Trading Up 0.4%

Shares of TOL opened at $140.76 on Thursday. The business’s 50-day moving average price is $150.68 and its 200-day moving average price is $145.91. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The stock has a market cap of $12.97 billion, a PE ratio of 11.30, a P/E/G ratio of 1.13 and a beta of 1.34. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the firm earned $3.73 EPS. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts forecast that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

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.