Dynamic Technology Lab Private Ltd Sells 9,405 Shares of Toll Brothers Inc. $TOL

Dynamic Technology Lab Private Ltd decreased its stake in Toll Brothers Inc. (NYSE:TOL) by 73.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,405 shares of the construction company’s stock after selling 9,405 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Toll Brothers were worth $470,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $28,000. Ramirez Asset Management Inc. bought a new stake in shares of Toll Brothers in the 3rd quarter worth approximately $28,000. Smithfield Trust Co lifted its stake in Toll Brothers by 136.4% in the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Toll Brothers in the third quarter valued at approximately $41,000. Finally, Root Financial Partners LLC bought a new position in Toll Brothers during the third quarter valued at $44,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TOL. Wells Fargo & Company raised their target price on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Citizens Jmp reissued a “market outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, February 18th. Citigroup boosted their price objective on Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $165.25.

Toll Brothers Stock Performance

Toll Brothers stock opened at $143.19 on Thursday. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.56 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The firm’s 50 day simple moving average is $149.97 and its 200 day simple moving average is $141.65.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.05 by $0.14. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. As a group, analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is presently 7.14%.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. This represents a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by insiders.

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.