Los Angeles Capital Management LLC Lowers Holdings in Toll Brothers Inc. $TOL

Los Angeles Capital Management LLC cut its stake in Toll Brothers Inc. (NYSE:TOL) by 44.9% in the fourth quarter, HoldingsChannel reports. The fund owned 36,426 shares of the construction company’s stock after selling 29,704 shares during the period. Los Angeles Capital Management LLC’s holdings in Toll Brothers were worth $4,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TOL. Havemeyer Place LP purchased a new position in Toll Brothers in the fourth quarter valued at $565,000. Greykasell Wealth Strategies Inc. purchased a new position in Toll Brothers in the fourth quarter valued at $159,000. Pinebridge Investments LLC purchased a new position in Toll Brothers in the fourth quarter valued at $1,770,000. Parallel Advisors LLC increased its holdings in Toll Brothers by 5.9% in the fourth quarter. Parallel Advisors LLC now owns 1,977 shares of the construction company’s stock valued at $267,000 after buying an additional 111 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Toll Brothers by 6.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,600 shares of the construction company’s stock valued at $4,543,000 after buying an additional 2,100 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the business’s 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 sale, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TOL. Citigroup reaffirmed a “neutral” rating on shares of Toll Brothers in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, February 18th. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Truist Financial cut their price objective on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Toll Brothers Stock Performance

TOL opened at $137.23 on Tuesday. The firm has a market capitalization of $12.83 billion, a PE ratio of 10.38, a PEG ratio of 1.14 and a beta of 1.36. Toll Brothers Inc. has a twelve month low of $104.09 and a twelve month high of $168.36. The firm’s 50-day moving average price is $138.16 and its 200 day moving average price is $142.11. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. As a group, sell-side analysts expect that Toll Brothers Inc. will post 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a $0.26 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s payout ratio is presently 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.