Baypointe Partners LLC Has $2.37 Million Stock Holdings in Toll Brothers Inc. $TOL

Key Points

• Baypointe Partners cut its Toll Brothers stake by 69.9% in Q4, selling 40,782 shares and leaving 17,552 shares worth about $2.37 million (TOL is its 7th largest holding).
• CEO Douglas C. Jr. Yearley sold 45,116 shares for roughly $7.24 million (a 12.31% reduction), and insiders now own about 1.37% of the company.
• Toll Brothers beat quarterly EPS and revenue estimates, raised its quarterly dividend to $0.26, and carries an analyst consensus of "Moderate Buy" with an average price target near $164.44.

Baypointe Partners LLC lowered its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 69.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,552 shares of the construction company's stock after selling 40,782 shares during the period. Toll Brothers accounts for 5.0% of Baypointe Partners LLC's portfolio, making the stock its 7th largest holding. Baypointe Partners LLC's holdings in Toll Brothers were worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TOL. Candriam S.C.A. acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $5,407,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Toll Brothers by 25.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company's stock valued at $14,694,000 after purchasing an additional 21,907 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $6,929,000. Allianz Asset Management GmbH increased its holdings in shares of Toll Brothers by 11.1% in the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company's stock valued at $31,345,000 after purchasing an additional 22,687 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $2,514,000. Institutional investors own 91.76% of the company's stock.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction on 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 approximately $51,535,887.52. The trade was a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction 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 sale, the director directly owned 13,442 shares of the company's stock, valued at $1,877,847.40. This represents a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research reports. Seaport Research Partners reissued a "neutral" rating on shares of Toll Brothers in a report on Tuesday, April 7th. Truist Financial lowered their price target on shares of Toll Brothers from $190.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, April 16th. JPMorgan Chase & Co. raised their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Oppenheimer reissued an "outperform" rating and issued a $180.00 price target (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. Finally, The Goldman Sachs Group raised their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the company a "neutral" rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average price target of $164.44.

Toll Brothers Price Performance

TOL opened at $139.98 on Monday. The company has a fifty day moving average price of $143.48 and a two-hundred day moving average price of $141.87. 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 Inc. has a 52 week low of $100.92 and a 52 week high of $168.36. The firm has a market capitalization of $13.26 billion, a PE ratio of 10.00, a P/E/G ratio of 1.09 and a beta of 1.39.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The business's quarterly revenue was up 15.4% compared to the same quarter last year. As a group, analysts anticipate that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. Toll Brothers's dividend payout ratio (DPR) is presently 7.43%.

About Toll Brothers

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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