Ieq Capital LLC Sells 31,591 Shares of Toll Brothers Inc. $TOL

Ieq Capital LLC decreased its holdings in Toll Brothers Inc. (NYSE:TOL) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,217 shares of the construction company’s stock after selling 31,591 shares during the quarter. Ieq Capital LLC’s holdings in Toll Brothers were worth $21,124,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC raised its holdings in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in Toll Brothers in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new stake in Toll Brothers in the 4th quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Toll Brothers during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $191.00 price objective on shares of Toll Brothers in a report on Thursday. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Benchmark assumed coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, UBS Group raised their price objective on shares of Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $166.25.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Toll Brothers Stock Up 1.3%

TOL stock opened at $147.03 on Friday. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.74 billion, a P/E ratio of 11.80, a PEG ratio of 1.19 and a beta of 1.35. The business’s 50-day moving average price is $151.97 and its 200-day moving average price is $146.43.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the firm posted $3.73 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Toll Brothers Inc. will post 12.82 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 8.35%.

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.