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

Ieq Capital LLC lessened its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 19.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,217 shares of the construction company’s stock after selling 31,591 shares during the quarter. Ieq Capital LLC owned about 0.14% of Toll Brothers worth $21,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Callan Family Office LLC lifted its holdings in shares of Toll Brothers by 4.1% in the second quarter. Callan Family Office LLC now owns 8,685 shares of the construction company’s stock worth $1,431,000 after buying an additional 345 shares in the last quarter. Greenspring Advisors LLC purchased a new position in Toll Brothers during the second quarter valued at approximately $414,000. Ceredex Value Advisors LLC bought a new stake in Toll Brothers during the 2nd quarter worth approximately $37,012,000. Vise Technologies Inc. lifted its stake in Toll Brothers by 57.1% in the 2nd quarter. Vise Technologies Inc. now owns 9,590 shares of the construction company’s stock worth $1,580,000 after purchasing an additional 3,487 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC lifted its stake in Toll Brothers by 3.5% in the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 20,409 shares of the construction company’s stock worth $3,362,000 after purchasing an additional 697 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TOL shares. Royal Bank Of Canada restated an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $158.00 to $161.00 in a report on Tuesday, June 9th. Benchmark initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Truist Financial increased their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup lifted their price objective on Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.25.

Toll Brothers Trading Up 1.3%

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

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.62 billion. During the same quarter last year, the firm earned $3.73 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, analysts forecast that Toll Brothers Inc. will post 12.82 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s payout ratio is 8.35%.

Insider Buying and Selling at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’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 in the company, valued at $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

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.