Toll Brothers Inc. $TOL Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. cut its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,300 shares of the construction company’s stock after selling 4,930 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Toll Brothers were worth $32,011,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after acquiring an additional 3,151,509 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock worth $408,062,000 after purchasing an additional 100,718 shares in the last quarter. Jennison Associates LLC lifted its position in Toll Brothers by 30.1% in the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock worth $193,589,000 after purchasing an additional 327,953 shares during the period. Norges Bank bought a new stake in shares of Toll Brothers in the 4th quarter worth approximately $168,312,000. Finally, Bamco Inc. NY lifted its stake in Toll Brothers by 0.8% during the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock valued at $157,703,000 after buying an additional 9,385 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TOL shares. Benchmark assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Finally, Argus set a $170.00 price objective on shares of Toll Brothers in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.88.

Toll Brothers Trading Up 0.4%

Shares of TOL stock opened at $149.09 on Friday. Toll Brothers Inc. has a 12 month low of $123.14 and a 12 month high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $151.48 and its two-hundred day moving average is $146.38. The company has a market cap of $13.94 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.14. The business 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 firm’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 EPS. Equities analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

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