Toll Brothers Inc. $TOL Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 30.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 40,318 shares of the construction company’s stock after selling 17,511 shares during the period. Commonwealth Equity Services LLC’s holdings in Toll Brothers were worth $5,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Toll Brothers during the third quarter worth about $27,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers during the fourth quarter worth about $27,000. Abich Financial Wealth Management LLC acquired a new stake in Toll Brothers during the third quarter worth about $28,000. Ramirez Asset Management Inc. acquired a new stake in Toll Brothers during the third quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers during the third quarter worth about $29,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 18th. Oppenheimer restated an “outperform” rating and issued a $180.00 target price (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their target price on shares of Toll Brothers from $161.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Citigroup restated a “neutral” rating on shares of Toll Brothers in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $164.13.

Toll Brothers Trading Down 1.4%

Toll Brothers stock opened at $137.83 on Friday. The firm has a 50 day simple moving average of $138.08 and a 200-day simple moving average of $141.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a market capitalization of $12.88 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. Toll Brothers Inc. has a 12-month low of $104.09 and a 12-month high of $168.36.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS 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 business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business earned $3.50 earnings per share. 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 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were paid a dividend of $0.26 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, April 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

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.