Intech Investment Management LLC Sells 9,089 Shares of Toll Brothers Inc. $TOL

Intech Investment Management LLC cut its position in shares of Toll Brothers Inc. (NYSE:TOL) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,941 shares of the construction company’s stock after selling 9,089 shares during the period. Intech Investment Management LLC’s holdings in Toll Brothers were worth $5,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Baker Avenue Asset Management LP raised its position in Toll Brothers by 61.0% during the 4th quarter. Baker Avenue Asset Management LP now owns 2,579 shares of the construction company’s stock valued at $349,000 after purchasing an additional 977 shares in the last quarter. Flputnam Investment Management Co. bought a new stake in Toll Brothers during the 4th quarter valued at $265,000. Integrity Alliance LLC. raised its position in Toll Brothers by 12.6% during the 4th quarter. Integrity Alliance LLC. now owns 8,803 shares of the construction company’s stock valued at $1,190,000 after purchasing an additional 988 shares in the last quarter. Hantz Financial Services Inc. raised its position in Toll Brothers by 112.3% during the 4th quarter. Hantz Financial Services Inc. now owns 4,303 shares of the construction company’s stock valued at $582,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in Toll Brothers during the 4th quarter valued at $203,000. 91.76% of the stock is owned by institutional investors.

Insider Activity at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the transaction, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.37% of the company’s stock.

Toll Brothers Trading Up 0.1%

TOL opened at $138.67 on Monday. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 1.15 and a beta of 1.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. Toll Brothers Inc. has a 12 month low of $100.92 and a 12 month high of $168.36. The stock has a fifty day moving average price of $137.80 and a 200-day moving average price of $141.79.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 12.7 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is presently 7.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOL shares. Oppenheimer reaffirmed an “outperform” rating and set a $180.00 target price (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Truist Financial decreased their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada decreased their target price on Toll Brothers from $161.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Weiss Ratings lowered Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Finally, Barclays decreased their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.81.

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.