Phoenix Financial Ltd. Sells 3,199 Shares of Toll Brothers Inc. (NYSE:TOL)

Key Points

• Phoenix Financial Ltd. reduced its stake in Toll Brothers Inc. by 14.4%, owning 18,959 shares worth approximately $2,002,000 after selling 3,199 shares in Q1.
• Multiple institutional investors, including Bessemer Group Inc., are increasing their positions in Toll Brothers, highlighting strong institutional interest with 91.76% of the stock owned by such investors.
• Toll Brothers reported a quarterly EPS of $3.50, exceeding expectations, and announced a $0.25 quarterly dividend, reflecting a yield of 0.81%.

Phoenix Financial Ltd. lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,959 shares of the construction company's stock after selling 3,199 shares during the quarter. Phoenix Financial Ltd.'s holdings in Toll Brothers were worth $2,002,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOL. Sound Income Strategies LLC grew its position in shares of Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after buying an additional 112 shares in the last quarter. Larson Financial Group LLC lifted its stake in Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares during the last quarter. Quarry LP lifted its stake in Toll Brothers by 1,035.7% in the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after buying an additional 290 shares during the last quarter. Bessemer Group Inc. lifted its stake in Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after buying an additional 104 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Toll Brothers by 415.0% in the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of recent analyst reports. Evercore ISI restated an "outperform" rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Oppenheimer lowered their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their price target on Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $141.85.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares of the company's stock, valued at $292,680. This represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock worth $440,586 over the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Down 0.6%

NYSE:TOL traded down $0.73 during mid-day trading on Wednesday, hitting $122.14. The company had a trading volume of 271,786 shares, compared to its average volume of 1,796,323. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The business's fifty day moving average is $113.03 and its two-hundred day moving average is $112.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The firm has a market cap of $11.99 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.28 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.38 earnings per share. As a group, research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. Toll Brothers's dividend payout ratio is 7.42%.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.