Interval Partners LP Invests $18.53 Million in Toll Brothers Inc. $TOL

Interval Partners LP bought a new position in Toll Brothers Inc. (NYSE:TOL) in the fourth quarter, Holdings Channel.com reports. The firm bought 137,025 shares of the construction company’s stock, valued at approximately $18,529,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TOL. Sivia Capital Partners LLC bought a new position in shares of Toll Brothers in the second quarter worth about $705,000. Brown Advisory Inc. increased its stake in shares of Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after buying an additional 186 shares during the period. NewEdge Advisors LLC increased its stake in shares of Toll Brothers by 5.8% in the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after buying an additional 340 shares during the period. Sei Investments Co. increased its stake in shares of Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after buying an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Toll Brothers by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after buying an additional 700 shares during the period. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TOL shares. BTIG Research started coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Citigroup started coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. Wells Fargo & Company upped their price objective on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Barclays lowered their price objective on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.56.

Toll Brothers Stock Performance

Toll Brothers stock opened at $149.88 on Thursday. The company has a market capitalization of $14.01 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 1.36. The business has a 50 day moving average of $139.86 and a 200-day moving average of $142.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. Toll Brothers Inc. has a 1 year low of $104.09 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. On average, equities research analysts predict that Toll Brothers Inc. will post 12.68 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio is currently 7.87%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

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.