Toll Brothers Inc. $TOL Stake Lessened by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. cut its stake in Toll Brothers Inc. (NYSE:TOL) by 98.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,770 shares of the construction company’s stock after selling 185,702 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Toll Brothers were worth $456,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC increased its position in shares of Toll Brothers by 65.5% in the 1st 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 worth about $27,000. Pinnacle Holdings LLC bought a new position in shares of Toll Brothers during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of Toll Brothers during the third quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Toll Brothers in the second quarter worth about $35,000. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TOL. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Citigroup boosted their price target on Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a report on Friday, August 21st. UBS Group upped their price target on Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Fifteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.27.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $146.33 on Monday. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $151.46 and its two-hundred day moving average price is $146.34. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36. The stock has a market capitalization of $13.68 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.20 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.73 earnings per share. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared 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 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 8.35%.

Insider Activity

In related news, COO Robert Parahus sold 7,500 shares of the stock in a transaction dated 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 sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by corporate 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.