Toll Brothers Inc. $TOL Shares Sold by Occam Crest Management LP

Occam Crest Management LP lowered its stake in Toll Brothers Inc. (NYSE:TOL) by 47.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,000 shares of the construction company’s stock after selling 10,000 shares during the quarter. Toll Brothers comprises about 1.0% of Occam Crest Management LP’s holdings, making the stock its 22nd biggest position. Occam Crest Management LP’s holdings in Toll Brothers were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Greenhaven Associates Inc. lifted its holdings in shares of Toll Brothers by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after buying an additional 22,218 shares during the period. Capital World Investors raised its position in Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after buying an additional 1,763,211 shares during the period. Dimensional Fund Advisors LP raised its position in Toll Brothers by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock valued at $400,745,000 after buying an additional 39,987 shares during the period. Holocene Advisors LP increased its position in Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after purchasing an additional 974,567 shares during the last quarter. Finally, Norges Bank acquired a new position in Toll Brothers in the 4th quarter worth about $168,312,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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 value of $139,700.00. Following the completion of the transaction, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock opened at $148.78 on Tuesday. The stock has a 50 day moving average of $139.27 and a two-hundred day moving average of $142.63. 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 company has a market capitalization of $13.91 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.22 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the company earned $3.50 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers Inc. will post 12.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Evercore restated an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research note on Thursday, May 21st. Weiss Ratings downgraded Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Barclays reduced their price objective on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company raised their price objective on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Toll Brothers 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.