SEC Form SC 13G/A filed by Toll Brothers Inc. (Amendment)

2/9/22 10:01:29 AM ET

Homebuilding

Consumer Discretionary

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SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 1 TOLL BROS INC COMMON STOCK Cusip #889478103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #889478103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 757,112 Item 6: 0 Item 7: 4,748,968 Item 8: 0 Item 9: 4,748,968 Item 11: 3.945% Item 12: HC Cusip #889478103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 4,748,968 Item 8: 0 Item 9: 4,748,968 Item 11: 3.945% Item 12: IN Item 1(a). Name of Issuer: TOLL BROS INC Item 1(b). Address of Issuer's Principal Executive Offices: 1140 VIRGINIA DRIVE FORT WASHINGTON, PA 19034 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 889478103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 4,748,968 (b) Percent of Class: 3.945% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 757,112 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,748,968 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of TOLL BROS INC. No one other person's interest in the COMMON STOCK of TOLL BROS INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of TOLL BROS INC at December 31, 2021. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

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Date	Price Target	Rating	Analyst
7/23/2025	$161.00	Neutral → Buy	Seaport Research Partners
1/27/2025		Sell → Neutral	Seaport Research Partners
12/13/2024	$166.00 → $150.00	Overweight → Neutral	Analyst
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10/25/2024	$175.00	Neutral → Outperform	Wedbush
8/5/2024	$108.00	Neutral → Sell	Seaport Research Partners
6/17/2024	$112.00 → $124.00	Sell → Neutral	Goldman
1/22/2024		Buy → Neutral	Seaport Research Partners

More analyst ratings

SEC Form SC 13G/A filed by Toll Brothers Inc. (Amendment)

2/9/22 10:01:29 AM ET

$TOL

Homebuilding

Consumer Discretionary

Get the next $TOL alert in real time by email

Recent Analyst Ratings for

$TOL

Date	Price Target	Rating	Analyst
7/23/2025	$161.00	Neutral → Buy	Seaport Research Partners
1/27/2025		Sell → Neutral	Seaport Research Partners
12/13/2024	$166.00 → $150.00	Overweight → Neutral	Analyst
12/10/2024	$168.00 → $164.00	Outperform → Mkt Perform	Keefe Bruyette
10/25/2024	$175.00	Neutral → Outperform	Wedbush
8/5/2024	$108.00	Neutral → Sell	Seaport Research Partners
6/17/2024	$112.00 → $124.00	Sell → Neutral	Goldman
1/22/2024		Buy → Neutral	Seaport Research Partners

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SEC Form SC 13G/A filed by Toll Brothers Inc. (Amendment)

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Insider Trading

Director East Stephen F. sold $288,325 worth of shares (2,500 units at $115.33), decreasing direct ownership by 16% to 12,787 units (SEC Form 4)

SVP & Chief Accounting Officer Grubb Michael J. sold $60,000 worth of shares (500 units at $120.00), decreasing direct ownership by 17% to 2,439 units (SEC Form 4)

Director Garvey Christine sold $92,258 worth of shares (770 units at $119.82) (SEC Form 4)

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SEC Filings

Toll Brothers Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Toll Brothers Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits

Toll Brothers Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

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Press Releases

New Toll Brothers Model Homes Open in Manzanita Park Community in Morgan Hill, California

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New Toll Brothers Willow Glen Model Homes Open in Cumming, Georgia

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Large Ownership Changes