The Manufacturers Life Insurance Company Sells 3,850 Shares of Toll Brothers Inc. $TOL

The Manufacturers Life Insurance Company trimmed its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 5.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 66,177 shares of the construction company’s stock after selling 3,850 shares during the period. The Manufacturers Life Insurance Company’s holdings in Toll Brothers were worth $9,031,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TOL. Hilton Head Capital Partners LLC grew its stake 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 worth $26,000 after buying an additional 74 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in Toll Brothers during the third quarter valued at $27,000. Pinnacle Holdings LLC purchased a new position in Toll Brothers during the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in Toll Brothers during the third quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers in the fourth quarter worth $34,000. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TOL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Argus set a $170.00 price objective on shares of Toll Brothers in a research note on Tuesday, June 2nd. Benchmark began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. One equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.88.

Toll Brothers Trading Up 3.1%

Shares of NYSE:TOL opened at $150.37 on Tuesday. The company has a market cap of $14.06 billion, a P/E ratio of 11.37, a PEG ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. Toll Brothers Inc. has a 1 year low of $121.86 and a 1 year high of $168.36. The stock’s fifty day moving average price is $149.40 and its 200-day moving average price is $146.09.

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 company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $3.50 EPS. Toll Brothers’s revenue for the quarter was down 7.6% on a year-over-year basis. Sell-side analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

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

Insider Buying and Selling

In other news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

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.