Rockefeller Capital Management L.P. Lowers Holdings in Toll Brothers Inc. $TOL

Rockefeller Capital Management L.P. decreased its position in Toll Brothers Inc. (NYSE:TOL) by 40.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,267 shares of the construction company’s stock after selling 7,573 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Toll Brothers were worth $1,524,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TOL. Wiser Advisor Group LLC bought a new stake in Toll Brothers during the 3rd quarter valued at about $27,000. Ramirez Asset Management Inc. purchased a new stake in shares of Toll Brothers during the third quarter valued at approximately $28,000. Pinnacle Holdings LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers in the 4th quarter worth approximately $34,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 86,457 shares of company stock worth $13,468,657. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TOL. BTIG Research began coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Benchmark initiated coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Truist Financial decreased their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Barclays lowered their price target on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 8th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.56.

Toll Brothers Trading Up 0.0%

Shares of TOL stock opened at $164.95 on Wednesday. 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 $113.52 and a 12-month high of $168.36. The stock has a market capitalization of $15.42 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.36 and a beta of 1.36. The firm’s 50 day moving average is $143.24 and its 200 day moving average is $144.06.

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

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors 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 yield of 0.6%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio is 7.87%.

About Toll Brothers

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.