South Dakota Investment Council Lowers Holdings in Toll Brothers Inc. $TOL

South Dakota Investment Council decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 26.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,223 shares of the construction company’s stock after selling 5,500 shares during the quarter. South Dakota Investment Council’s holdings in Toll Brothers were worth $2,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Hilton Head Capital Partners LLC lifted its stake 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 valued at $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter worth about $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers in the 3rd quarter valued at about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. This represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert Parahus sold 7,500 shares of the firm’s 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 completion of the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $145.75 on Friday. The business has a 50-day moving average of $149.07 and a 200 day moving average of $146.08. Toll Brothers Inc. has a 12 month low of $117.50 and a 12 month high of $168.36. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last released its earnings results 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. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.

Analyst Ratings Changes

Several brokerages have weighed in on TOL. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Barclays boosted their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a research note on Tuesday, July 14th. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Argus set a $170.00 price objective on shares of Toll Brothers in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

About Toll Brothers

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.