Toll Brothers Inc. $TOL Stock Holdings Trimmed by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 98.5% in the second quarter, HoldingsChannel reports. The fund owned 2,770 shares of the construction company’s stock after selling 185,702 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Toll Brothers were worth $456,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Wealth Management LLC increased its holdings in shares of Toll Brothers by 2.6% during 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 grew its position in Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares in the last quarter. IFP Advisors Inc grew its position in 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 buying an additional 74 shares in the last quarter. Hilton Head Capital Partners LLC increased its stake in Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after buying an additional 74 shares during the period. Finally, Bessemer Group Inc. increased its stake in Toll Brothers by 4.7% during the 1st quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock valued at $242,000 after buying an additional 80 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.1%

NYSE TOL opened at $146.33 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The company’s 50 day simple moving average is $151.46 and its 200 day simple moving average is $146.34. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. The company has a market capitalization of $13.68 billion, a P/E ratio of 11.74, a PEG ratio of 1.20 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.73 earnings per share. Equities research analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio is 8.35%.

Insider Buying and Selling at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on 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 directly owned 321,256 shares in the company, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was 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 owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Citigroup raised their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Evercore reissued an “outperform” rating and set a $191.00 target price on shares of Toll Brothers in a report on Thursday, August 20th. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group upped their target price on Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Fifteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.27.

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.