Pacer Advisors Inc. Trims Stake in Toll Brothers Inc. $TOL

Pacer Advisors Inc. trimmed its stake in Toll Brothers Inc. (NYSE:TOL) by 59.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,323 shares of the construction company’s stock after selling 16,768 shares during the period. Pacer Advisors Inc.’s holdings in Toll Brothers were worth $1,531,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors increased its position in shares of Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after purchasing an additional 1,763,211 shares during the last quarter. Holocene Advisors LP boosted its stake in Toll Brothers by 78.0% in the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after buying an additional 974,567 shares in the last quarter. Victory Capital Management Inc. grew its position in Toll Brothers by 209.8% during the third quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock valued at $126,700,000 after acquiring an additional 621,117 shares during the last quarter. Jennison Associates LLC grew its position in Toll Brothers by 52.0% during the fourth quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock valued at $147,470,000 after acquiring an additional 372,976 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Toll Brothers by 663.2% during the third quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock worth $40,112,000 after acquiring an additional 252,329 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. East sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 13,442 shares in the company, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Trading Down 0.6%

Shares of TOL opened at $132.02 on Friday. Toll Brothers Inc. has a 1-year low of $100.92 and a 1-year high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $140.02 and its 200-day moving average price is $141.87. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 1.04 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. Sell-side analysts anticipate that Toll Brothers Inc. will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently announced 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 boost from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, April 10th. Toll Brothers’s payout ratio is currently 7.43%.

Analyst Ratings Changes

A number of equities analysts recently commented on TOL shares. Citigroup lifted their target price on shares of Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Wells Fargo & Company raised their price objective on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Truist Financial decreased their price objective on Toll Brothers from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. UBS Group boosted their target price on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Barclays dropped their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.44.

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.