Oppenheimer & Co. Inc. Sells 5,520 Shares of Toll Brothers Inc. $TOL

Oppenheimer & Co. Inc. reduced its position in shares of Toll Brothers Inc. (NYSE:TOL) by 22.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,230 shares of the construction company’s stock after selling 5,520 shares during the period. Oppenheimer & Co. Inc.’s holdings in Toll Brothers were worth $2,600,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after acquiring an additional 1,763,211 shares during the last quarter. Holocene Advisors LP raised its stake in shares of 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 acquiring an additional 974,567 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Toll Brothers by 209.8% in the third quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after acquiring an additional 621,117 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Toll Brothers by 52.0% in the fourth quarter. Jennison Associates LLC now owns 1,090,590 shares of the construction company’s stock worth $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% in 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 during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer directly owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. This trade represents a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Toll Brothers Trading Down 3.3%

TOL opened at $135.24 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The firm has a 50 day simple moving average of $143.48 and a 200 day simple moving average of $141.87. Toll Brothers Inc. has a fifty-two week low of $100.92 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share 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 net margin of 12.26% and a return on equity of 16.83%. Toll Brothers’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. 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. Toll Brothers’s payout ratio is presently 7.43%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TOL. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Truist Financial dropped their target price on shares of Toll Brothers from $190.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Citigroup boosted their target price on shares of Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.44.

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.