Natixis Advisors LLC Reduces Stake in Toll Brothers Inc. $TOL

Natixis Advisors LLC lowered its position in Toll Brothers Inc. (NYSE:TOL) by 9.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,293 shares of the construction company’s stock after selling 5,995 shares during the period. Natixis Advisors LLC’s holdings in Toll Brothers were worth $8,153,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Abich Financial Wealth Management LLC purchased a new stake in Toll Brothers in the third quarter valued at approximately $28,000. Ramirez Asset Management Inc. purchased a new stake in Toll Brothers in the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers in the third quarter valued at approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 0.1%

Toll Brothers stock opened at $137.83 on Monday. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 12 month low of $104.09 and a 12 month high of $168.36. The stock’s 50 day simple moving average is $138.08 and its two-hundred day simple moving average is $142.03. The firm has a market cap of $12.88 billion, a PE ratio of 10.43, a P/E/G ratio of 1.14 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the firm posted $3.50 EPS. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. Analysts anticipate that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a dividend of $0.26 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s payout ratio is 7.87%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Royal Bank Of Canada lowered their price objective on Toll Brothers from $161.00 to $158.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Truist Financial lowered their price objective on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upped their price objective on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Finally, Seaport Research Partners restated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

Toll Brothers Company Profile

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.