Toll Brothers Inc. $TOL Shares Sold by Occam Crest Management LP

Occam Crest Management LP reduced its position in Toll Brothers Inc. (NYSE:TOL) by 47.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the construction company’s stock after selling 10,000 shares during the period. Toll Brothers makes up approximately 1.0% of Occam Crest Management LP’s holdings, making the stock its 22nd largest holding. Occam Crest Management LP’s holdings in Toll Brothers were worth $1,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers during the 4th quarter worth approximately $27,000. Abich Financial Wealth Management LLC acquired a new position in Toll Brothers during the 3rd quarter worth approximately $28,000. Ramirez Asset Management Inc. acquired a new position in Toll Brothers during the 3rd quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers during the 3rd quarter worth approximately $29,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the topic of several recent research reports. Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Citizens Jmp reissued a “market outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, February 18th. Weiss Ratings downgraded Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. UBS Group upgraded Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Finally, Wells Fargo & Company lifted their price objective on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.56.

Insider Buying and Selling

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

Toll Brothers Price Performance

Shares of NYSE TOL opened at $148.78 on Tuesday. Toll Brothers Inc. has a twelve month low of $104.09 and a twelve month high of $168.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.36. The business has a 50 day simple moving average of $139.27 and a 200-day simple moving average of $142.63.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating 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 the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $3.50 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, equities research analysts expect that Toll Brothers Inc. will post 12.68 earnings per share for the current year.

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.