Truist Financial Corp Has $2.64 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Truist Financial Corp cut its holdings in Toll Brothers, Inc. (NYSE:TOL) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,647 shares of the construction company’s stock after selling 6,472 shares during the period. Truist Financial Corp’s holdings in Toll Brothers were worth $2,636,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Baker Avenue Asset Management LP lifted its stake in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp grew its holdings in shares of Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $76,000. USA Financial Formulas raised its stake in shares of Toll Brothers by 104.3% in the third quarter. USA Financial Formulas now owns 1,328 shares of the construction company’s stock valued at $98,000 after purchasing an additional 678 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Toll Brothers in the fourth quarter worth $113,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. The Goldman Sachs Group lifted their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Wells Fargo & Company raised their target price on Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Wedbush reiterated a “neutral” rating and issued a $87.00 price target on shares of Toll Brothers in a research report on Wednesday, February 21st. Finally, Oppenheimer lifted their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

Toll Brothers Price Performance

Shares of TOL stock opened at $124.03 on Thursday. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $121.21 and its 200-day moving average is $103.60. Toll Brothers, Inc. has a 1 year low of $63.34 and a 1 year high of $130.63. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.03 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.23 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s payout ratio is currently 7.11%.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock valued at $7,881,930 over the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.