Riverstone Advisors LLC Has $12.50 Million Stake in Toll Brothers Inc. $TOL

Riverstone Advisors LLC cut its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 5.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,568 shares of the construction company’s stock after selling 5,679 shares during the quarter. Toll Brothers accounts for about 6.2% of Riverstone Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Riverstone Advisors LLC owned approximately 0.10% of Toll Brothers worth $12,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the period. Capital World Investors boosted its stake in shares of 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 purchasing an additional 1,763,211 shares during the period. Norges Bank bought a new position in shares of Toll Brothers in the fourth quarter worth approximately $168,312,000. Holocene Advisors LP grew its holdings in shares of Toll Brothers by 78.0% in the third 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, Victory Capital Management Inc. grew its holdings in shares of Toll Brothers by 209.8% in the third quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after purchasing an additional 621,117 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the sale, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 86,457 shares of company stock valued at $13,468,657. Company insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

TOL opened at $164.05 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a market capitalization of $15.33 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.36. The stock’s 50 day moving average price is $142.36 and its 200-day moving average price is $143.60. Toll Brothers Inc. has a 52-week low of $113.10 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.50 earnings per share. On average, equities research analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.26 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.6%. Toll Brothers’s dividend payout ratio is 7.87%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TOL shares. Truist Financial lowered their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Weiss Ratings cut shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Barclays cut their price target on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 8th. BTIG Research initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Finally, Citigroup assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.56.

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.