First Trust Advisors LP Sells 4,925 Shares of Toll Brothers Inc. $TOL

First Trust Advisors LP lessened its holdings in Toll Brothers Inc. (NYSE:TOL) by 0.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 598,128 shares of the construction company’s stock after selling 4,925 shares during the quarter. First Trust Advisors LP’s holdings in Toll Brothers were worth $81,627,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TOL. Western Wealth Management LLC grew its stake in Toll Brothers by 2.6% during the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after acquiring an additional 68 shares in the last quarter. Root Financial Partners LLC increased its holdings in Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the last quarter. Merit Financial Group LLC lifted its stake in Toll Brothers by 0.4% in the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after purchasing an additional 72 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Toll Brothers by 2.4% during the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after purchasing an additional 74 shares during the last quarter. Finally, Hilton Head Capital Partners LLC lifted its position in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. Benchmark started coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Barclays upped their price objective on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a research report on Tuesday, July 14th. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Finally, BTIG Research assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.88.

Insider Activity

In related news, COO Robert Parahus sold 7,500 shares of the company’s 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 completion of the sale, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% 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.

Toll Brothers Price Performance

Shares of TOL stock opened at $149.92 on Friday. The company has a market capitalization of $14.01 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 1.34. The company’s 50-day simple moving average is $147.14 and its two-hundred day simple moving average is $145.63. Toll Brothers Inc. has a one year low of $117.50 and a one year high of $168.36. 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 posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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 was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, equities analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

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.