Pictet Asset Management Holding SA Sells 48,201 Shares of Toll Brothers Inc. $TOL

Pictet Asset Management Holding SA decreased its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 17.5% during the 1st quarter, Holdings Channel reports. The firm owned 226,760 shares of the construction company’s stock after selling 48,201 shares during the period. Pictet Asset Management Holding SA’s holdings in Toll Brothers were worth $30,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Aaron Wealth Advisors LLC boosted its holdings in shares of Toll Brothers by 6.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 4,553 shares of the construction company’s stock valued at $621,000 after buying an additional 263 shares during the last quarter. OLD National Bancorp IN increased its holdings in Toll Brothers by 8.3% during the first quarter. OLD National Bancorp IN now owns 27,130 shares of the construction company’s stock worth $3,702,000 after buying an additional 2,076 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Toll Brothers in the 1st quarter valued at about $3,753,000. Ritholtz Wealth Management grew its position in shares of Toll Brothers by 128.7% in the 1st quarter. Ritholtz Wealth Management now owns 32,217 shares of the construction company’s stock valued at $4,397,000 after acquiring an additional 18,128 shares during the period. Finally, Brian Low Financial Group LLC increased its stake in shares of Toll Brothers by 11.9% during the 1st quarter. Brian Low Financial Group LLC now owns 11,213 shares of the construction company’s stock worth $1,530,000 after purchasing an additional 1,188 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TOL shares. Citigroup started coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued an “outperform” rating on the stock. Argus set a $170.00 price target on Toll Brothers in a research report on Tuesday, June 2nd. Benchmark assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Finally, UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.56.

Insider Activity

In related news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 86,457 shares of company stock valued at $13,468,657. 1.37% of the stock is owned by insiders.

Toll Brothers Stock Performance

NYSE TOL opened at $164.95 on Wednesday. The firm has a 50-day moving average of $143.24 and a 200-day moving average of $144.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a market cap of $15.42 billion, a PE ratio of 12.48, a P/E/G ratio of 1.36 and a beta of 1.36. Toll Brothers Inc. has a 52-week low of $113.52 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The business 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 quarter in the prior year, the business earned $3.50 EPS. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. Toll Brothers’s dividend 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.