Toll Brothers Inc. $TOL Shares Sold by Cobalt Capital Management Inc.

Cobalt Capital Management Inc. lessened its position in Toll Brothers Inc. (NYSE:TOL) by 42.9% during the fourth quarter, Holdings Channel reports. The fund owned 40,000 shares of the construction company’s stock after selling 30,000 shares during the quarter. Toll Brothers comprises approximately 2.4% of Cobalt Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Cobalt Capital Management Inc.’s holdings in Toll Brothers were worth $5,409,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Toll Brothers by 25.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock valued at $14,694,000 after buying an additional 21,907 shares in the last quarter. Advisors Capital Management LLC bought a new position in Toll Brothers in the 3rd quarter valued at about $2,514,000. Quantbot Technologies LP bought a new position in Toll Brothers in the 3rd quarter valued at about $2,408,000. American Century Companies Inc. grew its position in Toll Brothers by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 207,807 shares of the construction company’s stock valued at $28,706,000 after buying an additional 34,432 shares in the last quarter. Finally, Annex Advisory Services LLC grew its position in Toll Brothers by 30.8% in the 4th quarter. Annex Advisory Services LLC now owns 44,251 shares of the construction company’s stock valued at $5,984,000 after buying an additional 10,420 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

NYSE:TOL opened at $149.88 on Thursday. 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 50-day moving average of $139.86 and a 200-day moving average of $142.78. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $3.50 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. Analysts forecast that Toll Brothers Inc. will post 12.68 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on TOL. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Citizens Jmp reiterated a “market outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price objective on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research report on Thursday, May 21st. Finally, Seaport Research Partners restated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.56.

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.