Commonwealth Equity Services LLC Decreases Holdings in Toll Brothers Inc. $TOL

Commonwealth Equity Services LLC lowered its position in Toll Brothers Inc. (NYSE:TOL) by 30.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,318 shares of the construction company’s stock after selling 17,511 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Toll Brothers were worth $5,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TOL. Wiser Advisor Group LLC acquired a new position in Toll Brothers in the 3rd quarter worth $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers in the 4th quarter worth $27,000. Abich Financial Wealth Management LLC acquired a new position in Toll Brothers in the 3rd quarter worth $28,000. Ramirez Asset Management Inc. acquired a new position in Toll Brothers in the 3rd quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers in the 3rd quarter worth $29,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TOL shares. Royal Bank Of Canada cut their price objective on shares of Toll Brothers from $161.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Citigroup reiterated a “neutral” rating on shares of Toll Brothers in a report on Thursday, May 21st. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and issued a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. Finally, Weiss Ratings lowered shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $137.83 on Friday. The firm has a market cap of $12.88 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. The firm’s 50-day simple moving average is $138.08 and its 200-day simple moving average is $141.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. Toll Brothers Inc. has a 1 year low of $104.09 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. Equities analysts forecast that Toll Brothers Inc. will post 12.67 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business 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. The ex-dividend date was Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

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.