Toll Brothers Inc. $TOL Shares Sold by Prana Capital Management LP

Prana Capital Management LP lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 155,538 shares of the construction company’s stock after selling 112,649 shares during the quarter. Prana Capital Management LP’s holdings in Toll Brothers were worth $21,486,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TOL. Kaufman Rossin Wealth LLC grew its position in shares of Toll Brothers by 2.3% in the third quarter. Kaufman Rossin Wealth LLC now owns 3,859 shares of the construction company’s stock valued at $533,000 after purchasing an additional 86 shares during the period. US Bancorp DE lifted its position in Toll Brothers by 1.5% during the third quarter. US Bancorp DE now owns 6,110 shares of the construction company’s stock worth $844,000 after buying an additional 88 shares during the period. Bessemer Group Inc. boosted its stake in Toll Brothers by 5.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,681 shares of the construction company’s stock worth $233,000 after buying an additional 93 shares during the last quarter. HM Payson & Co. boosted its stake in Toll Brothers by 6.0% in the 3rd quarter. HM Payson & Co. now owns 1,760 shares of the construction company’s stock worth $243,000 after buying an additional 100 shares during the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Toll Brothers by 4.9% in the 3rd quarter. Wedbush Securities Inc. now owns 2,160 shares of the construction company’s stock valued at $298,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was 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 in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers 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 sale, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Down 0.4%

NYSE TOL opened at $141.54 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $168.36. The business has a 50 day moving average price of $150.28 and a two-hundred day moving average price of $141.70. The stock has a market cap of $13.40 billion, a PE ratio of 10.11, a P/E/G ratio of 1.11 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The business’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a dividend of $0.26 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Citigroup raised their target price on shares of Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Truist Financial started coverage on shares of Toll Brothers in a research report on Wednesday, March 4th. They set a “buy” rating and a $190.00 price target for the company. Wells Fargo & Company increased their price target on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, Barclays reiterated an “underweight” rating on shares of Toll Brothers in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.25.

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.