Jupiter Topco LLC Makes New $88.65 Million Investment in Toll Brothers Inc. $TOL

Jupiter Topco LLC purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 537,935 shares of the construction company’s stock, valued at approximately $88,646,000. Jupiter Topco LLC owned about 0.58% of Toll Brothers at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC lifted its holdings in Toll Brothers by 2.6% during the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after buying an additional 68 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares during the period. IFP Advisors Inc increased its stake in shares of Toll Brothers by 2.4% in the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after buying an additional 74 shares during the period. Hilton Head Capital Partners LLC raised its position in shares of 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 acquiring an additional 74 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Toll Brothers by 4.7% during the first quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock valued at $242,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $148.32 on Thursday. The firm’s 50 day simple moving average is $151.86 and its 200 day simple moving average is $146.43. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company earned $3.73 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s payout ratio is 8.35%.

Insider Buying and Selling at Toll Brothers

In related news, 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 value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares in the company, valued at $50,302,264.48. This represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction 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 sale, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research reports. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. BTIG Research began coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating on the stock. Barclays lifted their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. Finally, Evercore reissued an “outperform” rating and set a $191.00 price target on shares of Toll Brothers in a research note on Thursday, August 20th. Fifteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $166.67.

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.