Pictet Asset Management Holding SA Boosts Stock Position in Toll Brothers Inc. $TOL

Pictet Asset Management Holding SA lifted its stake in Toll Brothers Inc. (NYSE:TOL) by 18.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 267,602 shares of the construction company’s stock after purchasing an additional 40,842 shares during the period. Pictet Asset Management Holding SA’s holdings in Toll Brothers were worth $44,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TOL. Ethic Inc. boosted its stake in Toll Brothers by 45.1% during the second quarter. Ethic Inc. now owns 3,755 shares of the construction company’s stock worth $619,000 after buying an additional 1,167 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Toll Brothers by 5.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 25,120 shares of the construction company’s stock valued at $4,139,000 after buying an additional 1,305 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter worth $44,696,000. Swiss Life Asset Management Ltd raised its holdings in shares of Toll Brothers by 37.6% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 8,155 shares of the construction company’s stock worth $1,344,000 after acquiring an additional 2,229 shares during the period. Finally, MRWM Advisors LLC purchased a new position in shares of Toll Brothers during the 2nd quarter worth $579,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the 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 $3,510,574.62. The trade was a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

TOL has been the subject of a number of analyst reports. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Evercore reaffirmed an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research note on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a report on Thursday, June 11th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.88.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $148.09 on Friday. The firm has a market cap of $13.84 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36. The business’s fifty day simple moving average is $151.69 and its 200-day simple moving average is $146.40.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $3.50 EPS. Equities analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.26 per share. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

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.