Toll Brothers Inc. $TOL Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Toll Brothers Inc. (NYSE:TOL) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,813 shares of the construction company’s stock after selling 4,108 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Toll Brothers worth $6,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Citizens Bank & Trust Co. lifted its position in Toll Brothers by 8.9% during the third quarter. First Citizens Bank & Trust Co. now owns 10,749 shares of the construction company’s stock valued at $1,485,000 after buying an additional 874 shares in the last quarter. 1834 Investment Advisors Co. purchased a new stake in Toll Brothers during the 3rd quarter worth $227,000. GDS Wealth Management increased its holdings in Toll Brothers by 9.9% in the 3rd quarter. GDS Wealth Management now owns 87,361 shares of the construction company’s stock valued at $12,068,000 after purchasing an additional 7,904 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Toll Brothers in the third quarter valued at about $530,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Toll Brothers by 93.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,280 shares of the construction company’s stock worth $1,973,000 after purchasing an additional 6,914 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

TOL stock opened at $143.27 on Wednesday. The company has a 50-day simple moving average of $139.59 and a 200 day simple moving average of $135.35. The company has a market capitalization of $13.61 billion, a P/E ratio of 10.57, a PEG ratio of 1.13 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $151.10.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.Toll Brothers’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.63 EPS. Sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio is currently 7.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TOL. UBS Group decreased their target price on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group boosted their price target on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.40.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.54% of the stock is currently owned by insiders.

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.