Numerai GP LLC Trims Stake in Toll Brothers Inc. $TOL

Numerai GP LLC lessened its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 42.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 22,263 shares of the construction company’s stock after selling 16,571 shares during the period. Numerai GP LLC’s holdings in Toll Brothers were worth $3,075,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers in the third quarter worth $28,000. Ramirez Asset Management Inc. acquired a new stake in shares of Toll Brothers during the third quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the third quarter valued at $29,000. Smithfield Trust Co increased its position in Toll Brothers by 136.4% during the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC purchased a new stake in Toll Brothers during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TOL. Wells Fargo & Company upped their target price 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. UBS Group boosted their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Truist Financial initiated coverage on Toll Brothers in a report on Wednesday, March 4th. They issued a “buy” rating and a $190.00 price target for the company. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group raised their price objective on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $165.25.

Toll Brothers Stock Performance

NYSE:TOL opened at $142.11 on Tuesday. The firm’s fifty day simple moving average is $150.16 and its 200 day simple moving average is $141.68. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $168.36. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.06 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior 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 expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. Toll Brothers’s payout ratio is 7.14%.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 321,256 shares in the company, valued at $51,535,887.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the sale, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

About Toll Brothers

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.