Allspring Global Investments Holdings LLC Raises Stock Holdings in Toll Brothers Inc. $TOL

Allspring Global Investments Holdings LLC increased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 25.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,379 shares of the construction company’s stock after acquiring an additional 21,907 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of Toll Brothers worth $14,694,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TOL. Capital World Investors increased its position in shares of Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after purchasing an additional 1,763,211 shares during the last quarter. AQR Capital Management LLC increased its holdings in Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares during the last quarter. Holocene Advisors LP increased its holdings in Toll Brothers by 78.0% during the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after buying an additional 974,567 shares during the last quarter. Victory Capital Management Inc. raised its position in Toll Brothers by 209.8% in the third quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after acquiring an additional 621,117 shares during the period. Finally, Bamco Inc. NY boosted its stake in Toll Brothers by 116.9% in the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after acquiring an additional 611,523 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the sale, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $135.95 on Friday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $168.36. The stock’s 50-day simple moving average is $147.72 and its 200 day simple moving average is $140.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.06 and a beta of 1.49.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $1.75 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a dividend of $0.26 per share. 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s payout ratio is currently 7.43%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TOL. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Zacks Research raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Citigroup raised their target price on Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group boosted their target price on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.25.

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.