First Trust Advisors LP Sells 4,925 Shares of Toll Brothers Inc. $TOL

First Trust Advisors LP decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOLFree Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,128 shares of the construction company’s stock after selling 4,925 shares during the quarter. First Trust Advisors LP owned 0.63% of Toll Brothers worth $81,627,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Toll Brothers by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after buying an additional 100,718 shares during the period. Jennison Associates LLC grew its stake in shares of Toll Brothers by 30.1% during the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after buying an additional 327,953 shares during the last quarter. Norges Bank purchased a new stake in Toll Brothers during the 4th quarter valued at about $168,312,000. Finally, Bamco Inc. NY grew its position in Toll Brothers by 0.8% during the 4th quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock worth $157,703,000 after acquiring an additional 9,385 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $149.92 on Friday. The business has a fifty day simple moving average of $147.14 and a two-hundred day simple moving average of $145.63. Toll Brothers Inc. has a 12 month low of $117.50 and a 12 month high of $168.36. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 1.34. 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 (NYSE:TOLGet Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Barclays raised their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Tuesday, July 14th. Finally, Evercore reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $164.88.

Check Out Our Latest Report on Toll Brothers

Insider Transactions at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred 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 owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were 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 approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company 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

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

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