Toll Brothers Inc. $TOL Stock Holdings Trimmed by Riverstone Advisors LLC

Riverstone Advisors LLC decreased its position in Toll Brothers Inc. (NYSE:TOL) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,568 shares of the construction company’s stock after selling 5,679 shares during the quarter. Toll Brothers makes up 6.2% of Riverstone Advisors LLC’s portfolio, making the stock its 4th biggest position. Riverstone Advisors LLC’s holdings in Toll Brothers were worth $12,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aaron Wealth Advisors LLC grew its position in shares of Toll Brothers by 6.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 4,553 shares of the construction company’s stock worth $621,000 after buying an additional 263 shares during the period. OLD National Bancorp IN lifted its position in Toll Brothers by 8.3% during the 1st quarter. OLD National Bancorp IN now owns 27,130 shares of the construction company’s stock valued at $3,702,000 after acquiring an additional 2,076 shares during the period. Louisiana State Employees Retirement System purchased a new position in Toll Brothers during the 1st quarter valued at about $3,753,000. Ritholtz Wealth Management lifted its position in Toll Brothers by 128.7% during the 1st quarter. Ritholtz Wealth Management now owns 32,217 shares of the construction company’s stock valued at $4,397,000 after acquiring an additional 18,128 shares during the period. Finally, Brian Low Financial Group LLC boosted its stake in Toll Brothers by 11.9% during the first quarter. Brian Low Financial Group LLC now owns 11,213 shares of the construction company’s stock worth $1,530,000 after acquiring an additional 1,188 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup started coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued an “outperform” rating on the stock. Argus set a $170.00 target price on shares of Toll Brothers in a report on Tuesday, June 2nd. Truist Financial dropped their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Finally, Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $164.05 on Friday. Toll Brothers Inc. has a 1 year low of $113.10 and a 1 year high of $168.36. The firm’s 50-day moving average is $142.36 and its 200 day moving average is $143.60. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.34 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last released 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 business had revenue of $2.53 billion during 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%. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the business earned $3.50 EPS. Sell-side analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Toll Brothers’s dividend payout ratio is presently 7.87%.

Insider Activity at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares of the company’s stock, 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 at the SEC website. Also, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 86,457 shares of company stock valued at $13,468,657 over the last 90 days. Corporate 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.