BlackRock Amends Toll Brothers Stake, Maintains Passive Position
Ticker: TOL · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, real-estate
TL;DR
**BlackRock still owns a big chunk of Toll Brothers, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of Toll Brothers, Inc. common stock as of December 31, 2023. This filing, Amendment No. 20, indicates that BlackRock continues to hold a significant passive stake in the homebuilder. For investors, this matters because BlackRock's continued substantial ownership signals confidence from a major institutional investor in Toll Brothers' long-term prospects, potentially providing a floor for the stock price.
Why It Matters
BlackRock's consistent, large ownership in Toll Brothers suggests institutional confidence, which can reassure other investors and potentially stabilize the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.
Analyst Insight
A smart investor would note BlackRock's continued passive stake as a sign of institutional stability, but would also conduct their own due diligence on Toll Brothers' fundamentals rather than solely relying on this filing.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Toll Brothers, Inc. (company) — the subject company, an operative builder
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Toll Brothers, Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 20'.
Who is the 'subject company' in this filing?
The subject company is Toll Brothers, Inc., identified by 'COMPANY CONFORMED NAME: Toll Brothers, Inc.' and CIK '0000794170'.
Who is the 'reporting person' making this filing?
The reporting person is BlackRock Inc., identified by 'COMPANY CONFORMED NAME: BlackRock Inc.' and CIK '0001364742'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as stated in the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-002705 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002705 Filing Date 2024-01-24 Accepted 2024-01-24 17:23:55 Documents 1 Document Format Files Seq Description Document Type Size 1 us8894781033_012424.txt SC 13G/A 11892 Complete submission text file 0001086364-24-002705.txt 13780 Mailing Address 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034 Business Address 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034 2159388000 Toll Brothers, Inc. (Subject) CIK : 0000794170 (see all company filings) EIN. : 232416878 | State of Incorp.: DE | Fiscal Year End: 1031 Type: SC 13G/A | Act: 34 | File No.: 005-37253 | Film No.: 24557806 SIC : 1531 Operative Builders (CF Office: 05 Real Estate & Construction) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)