Toll Brothers Inc. $TOL Shares Bought by Greenhaven Associates Inc.

Key Points

• Greenhaven Associates increased its stake in Toll Brothers by 0.4% in Q4 to 5,603,187 shares (about 5.90% of the company), a position valued at roughly $757.7 million and now its third-largest holding.
• Company insiders have been selling: CEO Douglas C. Yearley Jr. sold 45,116 shares at $160.42 (≈$7.24M), reducing his stake by 12.31%, and Director Paul E. Shapiro sold 3,965 shares.
• Analysts are broadly positive (consensus rating: Moderate Buy, $165.25 target); Toll Brothers posted an earnings beat (Q4 EPS $2.19 vs. $2.05, revenue $2.15B) and raised its quarterly dividend to $0.26.

Greenhaven Associates Inc. grew its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,603,187 shares of the construction company's stock after acquiring an additional 22,218 shares during the quarter. Toll Brothers accounts for 12.3% of Greenhaven Associates Inc.'s holdings, making the stock its 3rd biggest position. Greenhaven Associates Inc. owned 5.90% of Toll Brothers worth $757,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TOL. Sivia Capital Partners LLC acquired a new position in Toll Brothers during the second quarter valued at approximately $705,000. Creative Planning raised its holdings in Toll Brothers by 12.3% in the second quarter. Creative Planning now owns 14,905 shares of the construction company's stock worth $1,701,000 after purchasing an additional 1,629 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Toll Brothers by 27.4% during the second quarter. Rockefeller Capital Management L.P. now owns 15,796 shares of the construction company's stock worth $1,803,000 after purchasing an additional 3,400 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Toll Brothers by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 14,254 shares of the construction company's stock worth $1,683,000 after purchasing an additional 143 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $1,462,000. Institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares in the company, 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 SEC, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,965 shares of the company's stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director directly owned 118,680 shares of the company's stock, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TOL shares. Royal Bank Of Canada raised their price objective on Toll Brothers from $144.00 to $161.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. Evercore set a $174.00 target price on Toll Brothers in a research note on Thursday, February 19th. Citigroup increased their price target on Toll Brothers from $141.00 to $162.00 and gave the stock a "neutral" rating in a report on Thursday, February 26th. The Goldman Sachs Group raised their price target on Toll Brothers from $140.00 to $156.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 13th. Finally, Truist Financial began coverage on Toll Brothers in a report on Wednesday, March 4th. They set a "buy" rating and a $190.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.25.

Toll Brothers Trading Down 3.5%

TOL opened at $131.84 on Friday. The stock has a market capitalization of $12.49 billion, a P/E ratio of 9.42, a P/E/G ratio of 1.06 and a beta of 1.45. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $168.36. The firm's fifty day simple moving average is $150.06 and its 200 day simple moving average is $141.58. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. As a group, research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.26 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers's payout ratio is currently 7.14%.

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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