Toll Brothers Inc. $TOL Stake Lowered by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its position in shares of Toll Brothers Inc. (NYSE:TOL) by 72.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,480 shares of the construction company’s stock after selling 22,798 shares during the period. QRG Capital Management Inc.’s holdings in Toll Brothers were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TOL. Evergreen Capital Management LLC increased its position in Toll Brothers by 51.4% in the 3rd quarter. Evergreen Capital Management LLC now owns 4,253 shares of the construction company’s stock worth $588,000 after purchasing an additional 1,444 shares during the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Toll Brothers by 13.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 3,400 shares of the construction company’s stock valued at $470,000 after buying an additional 400 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Toll Brothers by 1,373.6% in the 3rd quarter. Rakuten Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $293,000 after buying an additional 1,978 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in Toll Brothers in the third quarter worth approximately $3,368,000. Finally, MGO One Seven LLC raised its position in Toll Brothers by 620.6% during the third quarter. MGO One Seven LLC now owns 18,981 shares of the construction company’s stock valued at $2,622,000 after acquiring an additional 16,347 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 2.0%

Toll Brothers stock opened at $143.79 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $150.59. The firm has a fifty day moving average price of $138.03 and a two-hundred day moving average price of $134.45. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.16 and a beta of 1.43.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the business posted $4.63 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is 7.37%.

Analyst Ratings Changes

A number of research firms have issued reports on TOL. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Citizens Jmp assumed coverage on shares of Toll Brothers in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $175.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Evercore ISI restated an “in-line” rating and set a $160.00 target price (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. decreased their price target on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $154.40.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the sale, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Company 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.