Investment House LLC Sells 6,600 Shares of Toll Brothers Inc. $TOL

Investment House LLC lowered its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 28.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 16,656 shares of the construction company’s stock after selling 6,600 shares during the period. Investment House LLC’s holdings in Toll Brothers were worth $2,301,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Sivia Capital Partners LLC bought a new stake in Toll Brothers during the second quarter worth $705,000. Farther Finance Advisors LLC boosted its holdings in Toll Brothers by 6.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock worth $169,000 after acquiring an additional 90 shares during the last quarter. Park Avenue Securities LLC purchased a new position in Toll Brothers during the 2nd quarter worth $259,000. GAMMA Investing LLC grew its stake in shares of Toll Brothers by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,946 shares of the construction company’s stock worth $222,000 after acquiring an additional 651 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Toll Brothers by 19.1% in the second quarter. Fifth Third Bancorp now owns 977 shares of the construction company’s stock valued at $112,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, 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 through this link. 1.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TOL. The Goldman Sachs Group boosted their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Zacks Research lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. UBS Group decreased their price target on Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Evercore ISI reissued an “in-line” rating and issued a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Finally, Barclays upped their price objective on Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.40.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $144.95 on Friday. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $138.89 and a two-hundred day simple moving average of $134.96. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $151.10. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.63 earnings per share. Analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.37%.

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.