Toll Brothers Inc. $TOL Shares Sold by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd lessened its stake in Toll Brothers Inc. (NYSE:TOLFree Report) by 40.7% in the third quarter, Holdings Channel reports. The fund owned 6,787 shares of the construction company’s stock after selling 4,653 shares during the quarter. Fairtree Asset Management Pty Ltd’s holdings in Toll Brothers were worth $938,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Toll Brothers by 19.9% during the third quarter. American Century Companies Inc. now owns 207,807 shares of the construction company’s stock valued at $28,706,000 after purchasing an additional 34,432 shares during the period. Rafferty Asset Management LLC grew its holdings in Toll Brothers by 81.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 149,878 shares of the construction company’s stock valued at $20,704,000 after purchasing an additional 67,445 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Toll Brothers during the 3rd quarter valued at $2,408,000. Caitlin John LLC increased its stake in Toll Brothers by 9.0% during the 3rd quarter. Caitlin John LLC now owns 3,381 shares of the construction company’s stock worth $467,000 after buying an additional 278 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in Toll Brothers by 25.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 32,400 shares of the construction company’s stock worth $4,476,000 after buying an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TOL shares. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group raised their price objective on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada lifted their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $163.60.

Get Our Latest Analysis on Toll Brothers

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Toll Brothers Trading Down 0.9%

NYSE:TOL opened at $157.23 on Monday. The company has a market cap of $14.90 billion, a PE ratio of 11.23, a P/E/G ratio of 1.23 and a beta of 1.45. The business’s 50 day moving average is $148.19 and its two-hundred day moving average is $140.76. 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 52 week low of $86.67 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOLGet Free Report) last posted 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. On average, analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.14%.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. This represents a 12.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Toll Brothers Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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