Lecap Asset Management Ltd. trimmed its position in Toll Brothers Inc. (NYSE:TOL – Free Report) by 89.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,141 shares of the construction company’s stock after selling 17,763 shares during the period. Lecap Asset Management Ltd.’s holdings in Toll Brothers were worth $353,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Hilton Head Capital Partners LLC grew its position 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 worth $26,000 after acquiring an additional 74 shares during the last quarter. Wiser Advisor Group LLC bought a new position in Toll Brothers in the third quarter valued at about $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers in the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the third quarter valued at about $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Toll Brothers during the third quarter valued at about $37,000. Institutional investors and hedge funds own 91.76% of the company’s stock.
Insider Activity at Toll Brothers
In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, 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 SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Toll Brothers
Toll Brothers Stock Down 0.8%
Shares of TOL opened at $148.09 on Friday. The stock’s 50-day moving average price is $151.69 and its two-hundred day moving average price is $146.40. 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 $13.84 billion, a PE ratio of 11.20, a PEG ratio of 1.23 and a beta of 1.35. 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:TOL – Get Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The business’s quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current year.
Toll Brothers Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend 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.
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