Allspring Global Investments Holdings LLC Buys 21,907 Shares of Toll Brothers Inc. $TOL

Allspring Global Investments Holdings LLC raised its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 25.3% in the 4th quarter, HoldingsChannel reports. The firm owned 108,379 shares of the construction company’s stock after purchasing an additional 21,907 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Toll Brothers were worth $14,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sivia Capital Partners LLC purchased a new position in shares of Toll Brothers in the 2nd quarter worth about $705,000. Prudential Financial Inc. lifted its position in Toll Brothers by 19.2% in the 2nd quarter. Prudential Financial Inc. now owns 10,824 shares of the construction company’s stock worth $1,235,000 after buying an additional 1,747 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Toll Brothers by 1,816.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,143 shares of the construction company’s stock worth $359,000 after buying an additional 2,979 shares in the last quarter. Brown Advisory Inc. boosted its stake in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after buying an additional 186 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Toll Brothers by 102.6% during the second quarter. Cerity Partners LLC now owns 77,775 shares of the construction company’s stock valued at $8,876,000 after acquiring an additional 39,390 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.1%

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

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

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.26 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, April 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.43%.

Analyst Upgrades and Downgrades

TOL has been the topic of several research reports. Citizens Jmp reissued a “market outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, February 18th. Evercore set a $174.00 target price on shares of Toll Brothers in a report on Thursday, February 19th. Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research report on Monday, February 23rd. Citigroup upped their price target on shares of Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $165.25.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the transaction, the chief executive officer owned 321,256 shares of the company’s stock, 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 at the SEC website. Also, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by company insiders.

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.