Annex Advisory Services 13F: Adds $29M to TOL Stake

Annex Advisory Services boosted its stake in Toll Brothers, Inc. (NYSE: TOL) by 214,438 shares, raising its total holdings to 275,100 shares valued at approximately $37.1 million in a filing on October 16, 2026. This increase represents a substantial 353.5% rise in their investment.

What Changed in Annex Advisory Services' Toll Brothers Position

The fund expanded its stake, growing from 60,662 shares to 275,100 shares. This significant addition reflects an increased confidence in the residential construction sector, particularly in Toll Brothers, a company known for designing and building luxury homes across the United States.

Other Institutional Activity in Toll Brothers

Several other institutional investors have also adjusted their positions in Toll Brothers. Blackrock Inc. reduced its holdings by 172,113 shares, ending with 9,776,609 shares valued at about $1.3 billion. Greenhaven Associates, Inc. trimmed its stake by 15,242 shares, bringing their total to 5,630,109 shares worth approximately $752.7 million. Meanwhile, Capital World Investors raised its holdings slightly by 44,268 shares, now owning a total of 5,252,278 shares valued at about $702.2 million. Vanguard Capital Management LLC also grew its position by 38,276 shares, reaching 4,291,127 shares valued at about $573.7 million.

Toll Brothers, Inc. Stock Up 2.5%

As of October 16, 2026, Toll Brothers shares are trading recently around $133.35. This price is 20.8% below its 52-week high of $168.36 and reflects a position well below both its 50-day and 200-day moving averages. This trend could be a factor for institutional investors like Annex Advisory Services as they increase their holdings.

Recent Earnings

Toll Brothers reported trailing twelve-month revenue of approximately $10.76 billion, with a net margin of 11.1% and a return on equity of 14.4%. The company is set to announce its next earnings report on December 8, 2026.

Insider Buying and Selling at Toll Brothers, Inc.

Insider transactions at Toll Brothers included significant sales. Director John A. Mclean sold 2,313 shares at an average price of $153.43 on March 4, 2026, totaling approximately $354,889. Another director, Stephen F East, sold 1,000 shares for about $139,700 on April 15, 2026. President Robert Parahus sold 7,500 shares at $149.66 each on June 18, amounting to $1,122,450. Additionally, Officer and Director Douglas C Yearley Jr. sold 77,957 shares at an average price of $156.58 for around $12.2 million.

Analysts Set New Price Targets

On October 15, 2026, Citigroup maintained a Buy rating on Toll Brothers with a new price target of $168, down from $179. Meanwhile, RBC Capital also held an Outperform rating, adjusting their target from $158 to $148. Most recently, on the same day as the filing, StoneX initiated coverage with a Buy rating and a target of $165. The consensus target price stands at $169.65 based on 17 analyst opinions, indicating a favorable outlook for the stock.

About Toll Brothers

Toll Brothers, Inc. specializes in the design, construction, and sale of luxury homes in the United States. They operate across various segments, including single-family homes and condominiums through Toll Brothers City Living. The company's growth and stock performance are closely watched by investors, particularly in the current economic climate, which impacts the housing market.

Bottom Line

Investors will be interested in how Toll Brothers performs ahead of its next earnings report on December 8, 2026. The recent 13F filing from Annex Advisory Services shows a strong commitment to the company, reflecting a strategic bet on the residential construction market. As a reminder, the holdings reported may not represent the current position of the investor since the filing reflects past data.