Toll Brothers Inc. $TOL Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 1.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 751,404 shares of the construction company’s stock after selling 7,676 shares during the quarter. Bank of America Corp DE owned 0.79% of Toll Brothers worth $102,544,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after buying an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Toll Brothers by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock worth $408,062,000 after acquiring an additional 100,718 shares during the period. Jennison Associates LLC grew its position in Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after acquiring an additional 327,953 shares in the last quarter. Norges Bank purchased a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $168,312,000. Finally, Bamco Inc. NY raised its stake in shares of Toll Brothers by 0.8% during the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock valued at $157,703,000 after purchasing an additional 9,385 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of Toll Brothers 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares in the company, valued at $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TOL. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. Citigroup upgraded Toll Brothers from a “neutral” rating to a “buy” rating and raised their price objective for the company from $146.00 to $176.00 in a research note on Friday, July 10th. Barclays lifted their price objective on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, BTIG Research began coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $164.88.

Toll Brothers Stock Performance

TOL stock opened at $154.95 on Friday. Toll Brothers Inc. has a 1 year low of $122.13 and a 1 year high of $168.36. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock’s fifty day moving average is $150.60 and its two-hundred day moving average is $146.28.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the company posted $3.50 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, research analysts predict that Toll Brothers Inc. will post 12.69 EPS 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 paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s payout ratio is currently 7.87%.

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.