Lecap Asset Management Ltd. Has $353,000 Position in Toll Brothers Inc. $TOL

Lecap Asset Management Ltd. cut its holdings in Toll Brothers Inc. (NYSE:TOL) by 89.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,141 shares of the construction company’s stock after selling 17,763 shares during the period. Lecap Asset Management Ltd.’s holdings in Toll Brothers were worth $353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new stake in shares of Toll Brothers during the 2nd quarter valued at about $705,000. Brown Advisory Inc. increased its holdings in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after purchasing an additional 186 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Toll Brothers by 5.8% in the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after purchasing an additional 340 shares in the last quarter. Sei Investments Co. lifted its stake in Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after buying an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Toll Brothers by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after buying an additional 700 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Down 0.8%

TOL stock opened at $148.09 on Friday. The stock’s 50 day simple moving average is $151.69 and its 200 day simple moving average is $146.40. The company has a market cap of $13.84 billion, a P/E 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. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction 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 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 position. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TOL shares. Truist Financial cut their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. Evercore reissued an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $158.00 to $161.00 in a report on Tuesday, June 9th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.