Natixis Advisors LLC Lowers Position in Toll Brothers Inc. $TOL

Natixis Advisors LLC cut its holdings in Toll Brothers Inc. (NYSE:TOL) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,293 shares of the construction company’s stock after selling 5,995 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Toll Brothers worth $8,153,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Western Wealth Management LLC lifted its stake in Toll Brothers by 2.6% in the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after acquiring an additional 68 shares during the period. Root Financial Partners LLC lifted its stake in Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after acquiring an additional 70 shares during the period. Merit Financial Group LLC lifted its stake in Toll Brothers by 0.4% in the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after acquiring an additional 72 shares during the period. IFP Advisors Inc lifted its stake in Toll Brothers by 2.4% in the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after acquiring an additional 74 shares during the period. Finally, NorthCrest Asset Manangement LLC lifted its stake in Toll Brothers by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock worth $3,633,000 after acquiring an additional 81 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on TOL shares. Citigroup reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Thursday, May 21st. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Truist Financial reduced their target price on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Barclays reduced their target price on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $180.00 target price (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director owned 13,442 shares in the company, valued at $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

TOL opened at $137.83 on Monday. Toll Brothers Inc. has a 52-week low of $104.09 and a 52-week high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The company has a market cap of $12.88 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. The firm’s 50-day moving average price is $138.08 and its 200-day moving average price is $142.03.

Toll Brothers (NYSE:TOL) last posted 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 firm 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 company posted $3.50 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers Inc. will post 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, April 10th. Toll Brothers’s dividend payout ratio is currently 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.