Cwm LLC Trims Stock Holdings in Toll Brothers Inc. $TOL

Cwm LLC trimmed its holdings in Toll Brothers Inc. (NYSE:TOL) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,834 shares of the construction company’s stock after selling 6,761 shares during the period. Cwm LLC owned approximately 0.06% of Toll Brothers worth $8,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Candriam S.C.A. bought a new position in Toll Brothers in the 3rd quarter valued at $5,407,000. Moody Aldrich Partners LLC boosted its holdings in Toll Brothers by 93.7% in the 3rd quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock valued at $3,762,000 after purchasing an additional 13,175 shares during the period. Alps Advisors Inc. bought a new position in Toll Brothers in the 3rd quarter valued at $6,929,000. Allianz Asset Management GmbH boosted its holdings in Toll Brothers by 11.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after purchasing an additional 22,687 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Toll Brothers by 25.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock valued at $14,694,000 after purchasing an additional 21,907 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TOL. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Truist Financial cut their price target on shares of Toll Brothers from $190.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada raised their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $180.00 price target (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.44.

Toll Brothers Trading Up 0.3%

Shares of TOL opened at $147.14 on Tuesday. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.15 and a beta of 1.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. Toll Brothers Inc. has a fifty-two week low of $90.78 and a fifty-two week high of $168.36. The firm has a 50 day moving average price of $146.22 and a 200-day moving average price of $141.17.

Toll Brothers (NYSE:TOL) last released its 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. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.75 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts forecast that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s payout ratio is 7.43%.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by company 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.