Anchor Capital Advisors LLC Sells 12,033 Shares of Toll Brothers Inc. $TOL

Key Points

• Anchor Capital Advisors reduced its Toll Brothers stake by 3.7%, selling 12,033 shares and retaining 315,103 shares valued at approximately $51.9 million. Institutional investors collectively own 91.76% of the company.
• Toll Brothers reported quarterly EPS of $2.97 and revenue of $2.66 billion, exceeding analyst estimates, although revenue declined 9.7% year over year.
• The company pays a quarterly dividend of $0.26, equivalent to a 0.7% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $167.27.

Anchor Capital Advisors LLC reduced its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 315,103 shares of the construction company's stock after selling 12,033 shares during the period. Anchor Capital Advisors LLC owned 0.34% of Toll Brothers worth $51,913,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TOL. Hilton Head Capital Partners LLC boosted its holdings in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock worth $26,000 after acquiring an additional 74 shares during the period. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $27,000. Pinnacle Holdings LLC bought a new position in shares of Toll Brothers during the fourth quarter worth approximately $27,000. Continuum Advisory LLC bought a new position in shares of Toll Brothers during the second quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Up 0.1%

Shares of TOL opened at $141.89 on Tuesday. The firm has a 50 day simple moving average of $149.38 and a two-hundred day simple moving average of $145.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The company has a market cap of $13.08 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.14 and a beta of 1.34.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.Toll Brothers's revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.73 EPS. Research analysts forecast that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers's dividend payout ratio is currently 8.35%.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent research reports. Citigroup boosted their price target on Toll Brothers from $176.00 to $179.00 and gave the company a "buy" rating in a research note on Friday, August 21st. BTIG Research started coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a "buy" rating for the company. Argus set a $170.00 price target on shares of Toll Brothers in a research note on Tuesday, June 2nd. Royal Bank Of Canada restated an "outperform" rating and issued a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. Finally, Weiss Ratings raised shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $167.27.

Insider Activity at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares of the company's stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

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