6,145 Toll Brothers Inc. $TOL Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in Toll Brothers Inc. (NYSE:TOL) by 58.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,381 shares of the construction company’s stock after selling 6,145 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Toll Brothers were worth $590,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TOL. BlackRock Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter worth approximately $1,610,696,000. State Street Corp increased its stake in shares of Toll Brothers by 4.4% during the second quarter. State Street Corp now owns 3,505,828 shares of the construction company’s stock valued at $577,585,000 after acquiring an additional 146,163 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Toll Brothers by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after acquiring an additional 100,718 shares during the period. Jennison Associates LLC increased its stake in shares of Toll Brothers by 30.1% during the first quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after acquiring an additional 327,953 shares during the period. Finally, Bamco Inc. NY bought a new stake in Toll Brothers during the second quarter worth approximately $166,250,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Key Headlines Impacting Toll Brothers

Here are the key news stories impacting Toll Brothers this week:

• Positive Sentiment: Toll Brothers announced several new luxury-home opportunities, including a new phase at Griffith Lakes in Charlotte, North Carolina; the Toll Brothers at Everly community in Spartanburg, South Carolina; and the upcoming lakefront Cypress Reserve community in Clermont, Florida. These openings expand the company’s selling pipeline and could support future orders and revenue. Griffith Lakes announcement Everly announcement Cypress Reserve announcement
• Positive Sentiment: The company also announced Magnolia Green, a new Nashville-area community in Franklin, Tennessee, with sales expected to begin after construction starts in early 2027. The LakePointe master-planned community in Covington, Washington, developed with Brookfield Residential, further broadens TOL’s geographic pipeline. Magnolia Green announcement LakePointe announcement
• Neutral Sentiment: Citigroup and RBC reduced their price targets to $168 and $148, respectively, but retained bullish ratings of “buy” and “outperform.” The cuts signal more cautious expectations, while the ratings indicate analysts still see upside from current levels.
• Negative Sentiment: Investor attention remains focused on earnings: the latest quarter’s revenue and EPS exceeded estimates, but revenue fell 9.7% year over year and EPS declined from the prior-year period. Articles also note that the stock’s valuation case depends on earnings holding up, leaving demand, margins, and mortgage affordability as key risks.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TOL shares. Evercore set a $184.00 target price on Toll Brothers in a research report on Friday, September 25th. Truist Financial boosted their price objective on Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Barclays dropped their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 6th. Finally, Melius Research initiated coverage on shares of Toll Brothers in a report on Tuesday, October 6th. They issued a “buy” rating and a $179.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.67.

Toll Brothers Price Performance

TOL stock opened at $133.49 on Friday. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The firm has a market capitalization of $12.30 billion, a PE ratio of 10.71, a P/E/G ratio of 1.08 and a beta of 1.31. The firm has a 50-day moving average of $139.43 and a two-hundred day moving average of $142.99.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the firm posted $3.73 earnings per share. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, analysts forecast that Toll Brothers Inc. will post 12.80 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the transaction, the director directly owned 12,642 shares in the company, valued at approximately $1,719,185.58. The trade was a 5.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.