Algert Global LLC grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 70.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,877 shares of the construction company’s stock after buying an additional 42,119 shares during the quarter. Algert Global LLC owned 0.11% of Toll Brothers worth $14,073,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Abich Financial Wealth Management LLC purchased a new stake in Toll Brothers during the third quarter valued at approximately $28,000. Ramirez Asset Management Inc. purchased a new position in shares of Toll Brothers in the 3rd quarter worth approximately $28,000. Smithfield Trust Co increased its position in shares of Toll Brothers by 136.4% during the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $41,000. Finally, Root Financial Partners LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at $44,000. Institutional investors own 91.76% of the company’s stock.
Insider Buying and Selling
In related news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.
Toll Brothers Stock Down 1.1%
Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $1.75 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.
Toll Brothers Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers’s dividend payout ratio is 7.14%.
More Toll Brothers News
Here are the key news stories impacting Toll Brothers this week:
- Positive Sentiment: Board raised the quarterly cash dividend 4% to $0.26/share (sixth consecutive year of increases), reinforcing shareholder returns and signaling healthy cash flow. Toll Brothers Announces Cash Dividend
- Positive Sentiment: Broker commentary highlights valuation attractiveness — Truist called attention to Toll Brothers’ valuation, which can attract value-oriented buyers given the company’s earnings and dividend. Truist highlights attractive valuation for Toll Brothers, Inc. (TOL)
- Positive Sentiment: Analyst sentiment and price targets remain mostly bullish (multiple Buy/Outperform ratings and a median 6‑month target above the current price), supporting upside potential if fundamentals continue. Analyst coverage
- Positive Sentiment: Product pipeline expansion — Toll unveiled two new luxury townhome designs at Cross Kirkland Towns and opened/announced several new communities and model-home sales across key markets, supporting future revenue and presales. Toll Brothers Unveils Two Brand-New Home Designs at Cross Kirkland Towns
- Neutral Sentiment: Shareholders approved the board slate, auditor and pay at the annual meeting — clears governance overhang but is a one-time procedural item. Toll Brothers Shareholders Back Board, Auditor and Pay
- Neutral Sentiment: Hedge fund and institutional activity is mixed — large additions by some firms but sizeable reductions by others, producing ambiguous near-term flows. Institutional holdings
- Negative Sentiment: Insider selling: recent open‑market sales by executives (including the CEO) have been reported, which can create short-term selling pressure and investor concern. Toll Brothers Unveils New Luxury Home Designs at Cross Kirkland Towns in Washington
- Negative Sentiment: Technical/valuation headwinds — the stock is trading below its 50‑day and 200‑day moving averages, which can trigger momentum selling and caution among technical traders. Technical indicators
- Negative Sentiment: Product pricing and market mix risk: new offerings are luxury-priced (e.g., Cross Kirkland starting at ~$1.2M), which limits buyer pool and makes sales more sensitive to local economic or rate headwinds. Pricing risk
Wall Street Analyst Weigh In
A number of analysts recently issued reports on TOL shares. Evercore set a $174.00 price target on Toll Brothers in a research report on Thursday, February 19th. Citizens Jmp reissued a “market outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Citigroup lifted their price target on shares of Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.25.
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.
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