Davis R M Inc. Sells 12,010 Shares of Toll Brothers Inc. $TOL

Davis R M Inc. cut its stake in Toll Brothers Inc. (NYSE:TOLFree Report) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,547 shares of the construction company’s stock after selling 12,010 shares during the quarter. Davis R M Inc. owned approximately 0.12% of Toll Brothers worth $16,376,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TOL. Abich Financial Wealth Management LLC acquired a new position in Toll Brothers in the 3rd quarter valued at about $28,000. Smithfield Trust Co boosted its holdings in shares of Toll Brothers by 136.4% during the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock worth $36,000 after acquiring an additional 150 shares during the period. Root Financial Partners LLC acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $44,000. Global Retirement Partners LLC increased its stake 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 purchasing an additional 523 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in Toll Brothers by 215.5% during the 3rd quarter. Rothschild Investment LLC now owns 672 shares of the construction company’s stock worth $93,000 after purchasing an additional 459 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Evercore set a $174.00 target price on shares of Toll Brothers in a research report on Thursday, February 19th. Finally, UBS Group raised their target price on shares of Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.60.

Check Out Our Latest Research Report on TOL

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $157.23 on Monday. The firm has a 50 day moving average of $148.19 and a 200-day moving average of $140.76. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month 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 stock has a market capitalization of $14.90 billion, a PE ratio of 11.23, a PEG ratio of 1.23 and a beta of 1.45.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.75 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio is currently 7.14%.

Insider Activity

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers 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 transaction, the director owned 118,680 shares in the company, valued at $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 SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’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 of the company’s stock, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

About Toll Brothers

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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