Truist Financial Corp Has $1.02 Million Holdings in Toll Brothers Inc. $TOL

Truist Financial Corp decreased its position in Toll Brothers Inc. (NYSE:TOL) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,948 shares of the construction company’s stock after selling 763 shares during the period. Truist Financial Corp’s holdings in Toll Brothers were worth $1,021,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Trail Ridge Investment Advisors LLC raised its holdings in shares of Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after acquiring an additional 132 shares during the last quarter. Left Brain Wealth Management LLC purchased a new stake in shares of Toll Brothers during the 1st quarter valued at approximately $317,000. MQS Management LLC purchased a new stake in Toll Brothers in the 1st quarter worth approximately $649,000. Financial Security Advisor Inc. purchased a new stake in Toll Brothers in the 1st quarter worth approximately $231,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter worth $227,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert Parahus sold 9,831 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the transaction, the chief operating officer directly owned 19,692 shares of the company’s stock, valued at $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,143 shares of company stock valued at $5,593,955. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.2%

Shares of TOL opened at $127.51 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The stock has a market capitalization of $12.29 billion, a PE ratio of 9.37, a P/E/G ratio of 1.51 and a beta of 1.40. The company’s fifty day moving average is $136.40 and its 200 day moving average is $117.86.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.60 earnings per share. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s dividend payout ratio is 7.35%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TOL shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $160.00 target price (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Citigroup lifted their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Bank of America lowered their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Company 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.