Vanguard Group Inc. Decreases Holdings in Toll Brothers Inc. $TOL

Vanguard Group Inc. lowered its holdings in Toll Brothers Inc. (NYSE:TOL) by 2.1% during the third quarter, HoldingsChannel reports. The fund owned 9,472,544 shares of the construction company’s stock after selling 204,703 shares during the period. Vanguard Group Inc. owned 0.10% of Toll Brothers worth $1,308,537,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kaufman Rossin Wealth LLC increased its stake in Toll Brothers by 2.3% in the third quarter. Kaufman Rossin Wealth LLC now owns 3,859 shares of the construction company’s stock valued at $533,000 after purchasing an additional 86 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Toll Brothers by 5.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,681 shares of the construction company’s stock valued at $233,000 after buying an additional 93 shares in the last quarter. HM Payson & Co. raised its stake in Toll Brothers by 6.0% during the 3rd quarter. HM Payson & Co. now owns 1,760 shares of the construction company’s stock worth $243,000 after acquiring an additional 100 shares in the last quarter. Wedbush Securities Inc. raised its stake in Toll Brothers by 4.9% during the 3rd quarter. Wedbush Securities Inc. now owns 2,160 shares of the construction company’s stock worth $298,000 after acquiring an additional 101 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in Toll Brothers by 3.3% in the third quarter. Independent Advisor Alliance now owns 3,249 shares of the construction company’s stock valued at $449,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. 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. Evercore set a $174.00 price target on Toll Brothers in a research report on Thursday. Citigroup started coverage on Toll Brothers in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Barclays increased their price objective on Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Finally, BTIG Research started coverage on shares of Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $160.27.

Insider Transactions at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director owned 118,680 shares in the company, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Toll Brothers Price Performance

Toll Brothers stock opened at $162.15 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.64. The business has a 50 day simple moving average of $146.32 and a 200-day simple moving average of $139.50. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $168.36. The stock has a market capitalization of $15.36 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.14. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. Toll Brothers’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. Equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is 7.14%.

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.