The Manufacturers Life Insurance Company Sells 3,850 Shares of Toll Brothers Inc. $TOL

The Manufacturers Life Insurance Company decreased its holdings in Toll Brothers Inc. (NYSE:TOL) by 5.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,177 shares of the construction company’s stock after selling 3,850 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Toll Brothers worth $9,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilton Head Capital Partners LLC lifted its stake in Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers during the third quarter valued at about $27,000. Pinnacle Holdings LLC purchased a new position in shares of Toll Brothers in the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers in the third quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers during the 4th quarter valued at about $34,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $150.37 on Tuesday. Toll Brothers Inc. has a 1 year low of $121.86 and a 1 year high of $168.36. The stock has a market capitalization of $14.06 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.21 and a beta of 1.35. The company’s 50-day moving average is $149.40 and its 200 day moving average is $146.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. On average, sell-side analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on TOL. Barclays lifted their price target on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Argus set a $170.00 target price on shares of Toll Brothers in a report on Tuesday, June 2nd. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Evercore reiterated an “outperform” rating and set a $185.00 price target on shares of Toll Brothers in a report on Thursday, May 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.88.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

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.