Hsbc Holdings PLC Sells 10,461 Shares of Toll Brothers Inc. $TOL

Hsbc Holdings PLC lowered its stake in Toll Brothers Inc. (NYSE:TOLFree Report) by 38.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,678 shares of the construction company’s stock after selling 10,461 shares during the period. Hsbc Holdings PLC’s holdings in Toll Brothers were worth $2,264,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the 3rd quarter worth $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $27,000. Ramirez Asset Management Inc. bought a new stake in shares of Toll Brothers during the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Toll Brothers during the third quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers during the fourth quarter valued at $34,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.2%

Shares of NYSE:TOL opened at $164.52 on Tuesday. Toll Brothers Inc. has a 52 week low of $113.25 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 company has a market capitalization of $15.38 billion, a PE ratio of 12.44, a PEG ratio of 1.36 and a beta of 1.36. The company has a 50 day moving average price of $142.87 and a two-hundred day moving average price of $143.87.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm posted $3.50 earnings per share. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. Analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.6%. Toll Brothers’s payout ratio is currently 7.87%.

Analyst Ratings Changes

TOL has been the topic of several recent research reports. Benchmark assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. Argus set a $170.00 target price on shares of Toll Brothers in a research report on Tuesday, June 2nd. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. One 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 stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $163.56.

View Our Latest Analysis on Toll Brothers

Insiders Place Their Bets

In other news, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 86,457 shares of company stock worth $13,468,657. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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