South Dakota Investment Council Cuts Holdings in Toll Brothers Inc. $TOL

South Dakota Investment Council lowered its stake in Toll Brothers Inc. (NYSE:TOL) by 26.5% during the first quarter, Holdings Channel.com reports. The firm owned 15,223 shares of the construction company’s stock after selling 5,500 shares during the quarter. South Dakota Investment Council’s holdings in Toll Brothers were worth $2,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sivia Capital Partners LLC acquired a new position in shares of Toll Brothers during the second quarter worth about $705,000. Brown Advisory Inc. increased its stake in shares of Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after buying an additional 186 shares during the period. NewEdge Advisors LLC increased its stake in shares of Toll Brothers by 5.8% during the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after buying an additional 340 shares during the period. Sei Investments Co. raised its holdings in Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after acquiring an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Toll Brothers by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Benchmark began coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. BTIG Research started coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. Finally, Evercore reiterated an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.88.

Insider Buying and Selling at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Robert Parahus sold 7,500 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $145.75 on Friday. The business has a 50 day moving average price of $149.07 and a 200 day moving average price of $146.08. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.24 and a beta of 1.34. Toll Brothers Inc. has a fifty-two week low of $117.50 and a fifty-two week high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.

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

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s payout ratio is currently 7.87%.

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.