Janney Montgomery Scott LLC Sells 10,426 Shares of Toll Brothers Inc. $TOL

Janney Montgomery Scott LLC trimmed its holdings in Toll Brothers Inc. (NYSE:TOL) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,797 shares of the construction company’s stock after selling 10,426 shares during the period. Janney Montgomery Scott LLC’s holdings in Toll Brothers were worth $8,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TOL. Caldwell Trust Co increased its holdings in shares of Toll Brothers by 10.7% during the 1st quarter. Caldwell Trust Co now owns 13,980 shares of the construction company’s stock worth $1,908,000 after acquiring an additional 1,350 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Toll Brothers by 6.1% during the 1st quarter. Aaron Wealth Advisors LLC now owns 4,553 shares of the construction company’s stock valued at $621,000 after purchasing an additional 263 shares during the last quarter. OLD National Bancorp IN lifted its holdings in Toll Brothers by 8.3% during the 1st quarter. OLD National Bancorp IN now owns 27,130 shares of the construction company’s stock valued at $3,702,000 after purchasing an additional 2,076 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Toll Brothers during the first quarter worth $3,753,000. Finally, Ritholtz Wealth Management boosted its position in Toll Brothers by 128.7% during the first quarter. Ritholtz Wealth Management now owns 32,217 shares of the construction company’s stock worth $4,397,000 after purchasing an additional 18,128 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Argus set a $170.00 price target on shares of Toll Brothers in a report on Tuesday, June 2nd. Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research report on Thursday, May 21st. Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Finally, Truist Financial lowered their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers 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 directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 86,457 shares of company stock worth $13,468,657. Company insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $157.26 on Friday. Toll Brothers Inc. has a 52 week low of $113.52 and a 52 week high of $168.36. 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 firm’s 50-day simple moving average is $143.81 and its 200 day simple moving average is $144.40. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.30 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

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

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.