BNP Paribas Financial Markets Reduces Stock Holdings in Toll Brothers Inc. $TOL

BNP Paribas Financial Markets reduced its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 157,799 shares of the construction company’s stock after selling 27,356 shares during the period. BNP Paribas Financial Markets’ holdings in Toll Brothers were worth $21,338,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TOL. Sivia Capital Partners LLC purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at about $705,000. Brown Advisory Inc. raised its holdings in shares of Toll Brothers by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after buying an additional 186 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Toll Brothers by 5.8% during the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after buying an additional 340 shares during the period. Sei Investments Co. raised its holdings in shares of Toll Brothers by 164.9% during the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after buying an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Toll Brothers by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after buying an additional 700 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada dropped their target price on Toll Brothers from $161.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Wells Fargo & Company raised their target price on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Citigroup reiterated a “neutral” rating on shares of Toll Brothers in a report on Thursday, May 21st. Finally, Weiss Ratings lowered Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $137.83 on Friday. Toll Brothers Inc. has a fifty-two week low of $104.09 and a fifty-two week high of $168.36. The business has a 50 day moving average price of $138.08 and a two-hundred day moving average price of $141.92. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The firm has a market cap of $12.88 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.16 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm earned $3.50 EPS. Toll Brothers’s quarterly revenue was down 7.6% on a year-over-year basis. Sell-side analysts expect that Toll Brothers Inc. will post 12.67 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a dividend of $0.26 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Toll Brothers’s payout ratio is 7.87%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Company 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.