Cambria Investment Management L.P. Reduces Position in Toll Brothers Inc. $TOL

Cambria Investment Management L.P. trimmed its position in Toll Brothers Inc. (NYSE:TOL) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,777 shares of the construction company’s stock after selling 5,409 shares during the quarter. Cambria Investment Management L.P.’s holdings in Toll Brothers were worth $10,882,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TOL. Wiser Advisor Group LLC acquired a new stake in Toll Brothers in the third quarter valued at $27,000. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers during the 3rd quarter worth about $28,000. Ramirez Asset Management Inc. acquired a new position in shares of Toll Brothers during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at about $29,000. Finally, Smithfield Trust Co increased its holdings in shares of Toll Brothers by 136.4% in the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after acquiring an additional 150 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. This trade represents a 12.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TOL shares. Citizens Jmp restated a “market outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Truist Financial began coverage on shares of Toll Brothers in a report on Wednesday, March 4th. They set a “buy” rating and a $190.00 price objective on the stock. UBS Group boosted their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada upped their target price on shares of Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $165.25.

Toll Brothers Price Performance

Shares of TOL opened at $136.73 on Thursday. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $168.36. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. The firm has a 50-day simple moving average of $150.31 and a 200-day simple moving average of $141.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57.

Toll Brothers (NYSE:TOL) last issued 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. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. On average, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.26 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

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.