Toll Brothers Inc. $TOL Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in Toll Brothers Inc. (NYSE:TOL) by 12.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,680 shares of the construction company’s stock after selling 6,220 shares during the quarter. Ritholtz Wealth Management’s holdings in Toll Brothers were worth $5,886,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Toll Brothers during the second quarter worth $1,610,696,000. Bamco Inc. NY bought a new stake in Toll Brothers in the 2nd quarter valued at $166,250,000. Bank of New York Mellon Corp bought a new stake in Toll Brothers in the 2nd quarter valued at $164,804,000. Bank of America Corp DE acquired a new position in Toll Brothers in the 2nd quarter worth $125,912,000. Finally, Jupiter Topco LLC acquired a new position in Toll Brothers in the 2nd quarter worth $88,646,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

TOL has been the subject of a number of research reports. Royal Bank Of Canada lowered their target price on Toll Brothers from $158.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Truist Financial boosted their price target on Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Morgan Stanley upped their price objective on Toll Brothers from $159.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 3rd. Finally, UBS Group increased their price objective on Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $167.40.

Toll Brothers Price Performance

NYSE TOL opened at $148.02 on Friday. The firm’s 50 day moving average is $139.24 and its 200-day moving average is $144.47. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $13.64 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 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 business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company posted $3.73 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. Equities research analysts anticipate that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers’s payout ratio is presently 8.35%.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen East sold 800 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the sale, the director directly owned 12,642 shares of the company’s stock, valued at $1,719,185.58. The trade was a 5.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.37% of the stock is owned by company insiders.

Toll Brothers Profile

Toll Brothers, Inc. is a U.S. homebuilding company focused primarily on designing, building, marketing and selling luxury residential properties. Its offerings include single-family detached homes, townhomes and condominiums, as well as age-qualified communities and urban high-rise residences. Founded in 1967 by brothers Bob and Bruce Toll, the company has expanded from its Pennsylvania roots to serve homebuyers in markets across the United States. Its communities are generally designed for move-up, luxury and active-adult buyers.