Deroy & Devereaux Private Investment Counsel Inc. trimmed its stake in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,300 shares of the construction company’s stock after selling 4,930 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.21% of Toll Brothers worth $32,011,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings 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 worth $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Norges Bank acquired a new stake in Toll Brothers in the fourth quarter valued at $168,312,000. Pacer Advisors Inc. grew its holdings in Toll Brothers by 3,700.7% in the first quarter. Pacer Advisors Inc. now owns 430,356 shares of the construction company’s stock valued at $58,731,000 after purchasing an additional 419,033 shares during the last quarter. Jennison Associates LLC increased its position in shares of Toll Brothers by 52.0% in the fourth quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock valued at $147,470,000 after buying an additional 372,976 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Toll Brothers by 158.4% in the first quarter. Quantinno Capital Management LP now owns 497,751 shares of the construction company’s stock valued at $67,928,000 after buying an additional 305,097 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Benchmark assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. BTIG Research initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock. Finally, Citigroup raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $146.00 to $176.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.88.
Toll Brothers Stock Performance
Shares of NYSE TOL opened at $149.09 on Friday. The company has a 50-day simple moving average of $151.48 and a 200-day simple moving average of $146.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The company has a market cap of $13.94 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Toll Brothers Inc. will post 12.69 earnings per share for the current year.
Toll Brothers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, July 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.
Insider Buying and Selling at Toll Brothers
In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by company insiders.
Toll Brothers Company 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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