Thrivent Financial for Lutherans Sells 17,401 Shares of Toll Brothers Inc. $TOL

Thrivent Financial for Lutherans trimmed its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 37.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,623 shares of the construction company’s stock after selling 17,401 shares during the period. Thrivent Financial for Lutherans’ holdings in Toll Brothers were worth $4,092,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in Toll Brothers during the 3rd quarter worth $44,000. FNY Investment Advisers LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at $64,000. Global Retirement Partners LLC raised its position in shares of Toll Brothers by 1,112.8% during the third quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after acquiring an additional 523 shares during the last quarter. Friedenthal Financial lifted its stake in shares of Toll Brothers by 587.2% during the third quarter. Friedenthal Financial now owns 749 shares of the construction company’s stock valued at $103,000 after acquiring an additional 640 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Toll Brothers by 201.7% during the second quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after acquiring an additional 585 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Up 1.7%

Toll Brothers stock opened at $153.21 on Friday. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.20 and a beta of 1.47. The company’s 50 day simple moving average is $141.75 and its 200 day simple moving average is $136.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $155.52.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $4.63 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.37%.

Analysts Set New Price Targets

A number of analysts recently commented on TOL shares. Wells Fargo & Company lifted their price objective on Toll Brothers from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group lifted their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Citigroup assumed coverage on shares of Toll Brothers in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a research note on Thursday, December 11th. Finally, Citizens Jmp initiated coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They set a “market outperform” rating and a $175.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.40.

Toll Brothers Company 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.