Milford Funds Ltd. Sells 19,252 Shares of Toll Brothers Inc. $TOL

Milford Funds Ltd. lessened its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 5.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 335,735 shares of the construction company’s stock after selling 19,252 shares during the quarter. Milford Funds Ltd. owned about 0.36% of Toll Brothers worth $55,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sivia Capital Partners LLC acquired a new position in Toll Brothers in the 2nd quarter valued at about $705,000. Brown Advisory Inc. lifted its position in Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after acquiring an additional 186 shares during the last quarter. NewEdge Advisors LLC lifted its position in Toll Brothers by 5.8% during the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after acquiring an additional 340 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Toll Brothers by 164.9% during the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after acquiring an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Toll Brothers by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after acquiring an additional 700 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, COO Robert Parahus sold 7,500 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by company insiders.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $148.09 on Friday. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The company’s 50 day moving average price is $151.69 and its two-hundred day moving average price is $146.40. The firm has a market cap of $13.84 billion, a PE ratio of 11.20, a PEG ratio of 1.23 and a beta of 1.35. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 earnings per share. Equities research analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

Analysts Set New Price Targets

TOL has been the topic of several research reports. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. UBS Group upgraded Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Finally, Truist Financial lowered their price objective on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.88.

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.