Toll Brothers Inc. $TOL Shares Sold by Davis R M Inc.

Davis R M Inc. reduced its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,016 shares of the construction company’s stock after selling 9,416 shares during the period. Davis R M Inc.’s holdings in Toll Brothers were worth $13,376,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Western Wealth Management LLC grew its holdings in Toll Brothers by 2.6% in the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares during the period. Root Financial Partners LLC raised its stake in Toll Brothers by 21.9% during the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the period. Merit Financial Group LLC raised its stake in Toll Brothers by 0.4% during the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after purchasing an additional 72 shares during the period. IFP Advisors Inc boosted its holdings in shares of Toll Brothers by 2.4% in the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after purchasing an additional 74 shares during the last quarter. Finally, Hilton Head Capital Partners LLC boosted its holdings in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $148.76 on Thursday. The company has a market cap of $13.91 billion, a P/E ratio of 11.25, a PEG ratio of 1.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. Toll Brothers Inc. has a one year low of $117.50 and a one year high of $168.36. The business’s 50-day simple moving average is $146.38 and its 200 day simple moving average is $145.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion for 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%.Toll Brothers’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. On average, sell-side analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TOL. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Piper Sandler cut Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Truist Financial lowered their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.88.

Insider Buying and Selling at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by corporate insiders.

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.