Sone Capital Management LLC Invests $18.91 Million in Toll Brothers Inc. $TOL
by Renee Jackson · The Cerbat GemSone Capital Management LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 114,762 shares of the construction company’s stock, valued at approximately $18,907,000. Toll Brothers comprises approximately 1.4% of Sone Capital Management LLC’s holdings, making the stock its 22nd biggest position.
A number of other institutional investors and hedge funds have also made changes to their positions in TOL. Hilton Head Capital Partners LLC raised its holdings in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Toll Brothers in the third quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new position in Toll Brothers in the third quarter worth $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Toll Brothers in the second quarter valued at $35,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on TOL shares. Truist Financial upped their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Citigroup raised their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research note on Friday. Barclays boosted their price objective on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Tuesday, July 14th. BTIG Research initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Benchmark assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Fifteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $166.67.
Read Our Latest Research Report on Toll Brothers
Insider Transactions 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 transaction of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.
Toll Brothers Trading Up 0.3%
Toll Brothers stock opened at $147.58 on Tuesday. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.79 billion, a PE ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 1.35. The stock has a 50-day moving average price of $151.94 and a 200 day moving average price of $146.45. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36.
Toll Brothers (NYSE:TOL – Get Free Report) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business earned $3.73 EPS. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities research analysts predict that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.
Toll Brothers Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s payout ratio is currently 8.35%.
Toll Brothers 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.
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