Assetmark Inc. Sells 11,495 Shares of Toll Brothers Inc. $TOL

Assetmark Inc. lessened its holdings in Toll Brothers Inc. (NYSE:TOL) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,605 shares of the construction company’s stock after selling 11,495 shares during the quarter. Assetmark Inc.’s holdings in Toll Brothers were worth $29,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after acquiring an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP grew its holdings in Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after purchasing an additional 100,718 shares during the period. Jennison Associates LLC raised its position in Toll Brothers by 30.1% during the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after acquiring an additional 327,953 shares during the period. Norges Bank purchased a new position in Toll Brothers in the 4th quarter valued at about $168,312,000. Finally, Bamco Inc. NY lifted its stake in shares of Toll Brothers by 0.8% in the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock worth $157,703,000 after buying an additional 9,385 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 0.8%

TOL opened at $148.09 on Friday. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The company has a market cap of $13.84 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. 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 firm has a 50 day moving average price of $151.69 and a 200 day moving average price of $146.40.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. Sell-side analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction dated 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 sale, the chairman owned 321,256 shares in the company, valued at $50,302,264.48. This trade represents a 19.53% 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.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Argus set a $170.00 target price on shares of Toll Brothers in a research note on Tuesday, June 2nd. Oppenheimer cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. Barclays raised their price objective on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $158.00 to $161.00 in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $164.88.

About Toll Brothers

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.