Kera Capital Partners Inc. reduced its holdings in Toll Brothers Inc. (NYSE:TOL – Free Report) by 88.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,848 shares of the construction company’s stock after selling 21,535 shares during the period. Kera Capital Partners Inc.’s holdings in Toll Brothers were worth $412,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. McLaughlin Asset Management Inc. purchased a new position in Toll Brothers during the 4th quarter valued at about $1,227,000. Compound Planning Inc. increased its holdings in shares of Toll Brothers by 5.1% in the 4th quarter. Compound Planning Inc. now owns 4,372 shares of the construction company’s stock valued at $591,000 after purchasing an additional 214 shares during the period. TMB Capital Partners LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $240,000. Invesco Ltd. lifted its position in shares of Toll Brothers by 5.5% in the fourth quarter. Invesco Ltd. now owns 270,713 shares of the construction company’s stock worth $36,606,000 after purchasing an additional 14,180 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Toll Brothers during the fourth quarter worth approximately $203,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related 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 sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen F. East sold 1,000 shares of the 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 directly owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% 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
Toll Brothers (NYSE:TOL – Get Free Report) last posted its earnings results 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 net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm posted $3.50 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.
Toll Brothers Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.
Analyst Ratings Changes
Several research firms have weighed in on TOL. Argus set a $170.00 price objective on shares of Toll Brothers in a research note on Tuesday, June 2nd. Truist Financial lowered their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Citigroup initiated coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set an “outperform” rating on the stock. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.
Check Out Our Latest Research Report on Toll Brothers
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.
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