Toll Brothers Inc. $TOL Shares Sold by Assetmark Inc.

Key Points

• Assetmark Inc. trimmed its stake in Toll Brothers by 4.5% in Q4, selling 8,554 shares and leaving 180,263 shares (about 0.19% of the company) worth roughly $24.38 million.
• Toll Brothers beat expectations with Q results of $2.19 EPS (vs. $2.05 est.) and $2.15B revenue (vs. $1.86B est.), revenue up 15.4% YoY, and the company raised its quarterly dividend to $0.26.
• Insider and analyst activity: CEO Douglas C. Jr. Yearley sold 45,116 shares for about $7.24M (reducing his stake by 12.31%), while analysts maintain a consensus "Moderate Buy" with an average target of $165.69 and several upward price-target revisions.

Assetmark Inc. lowered its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,263 shares of the construction company's stock after selling 8,554 shares during the quarter. Assetmark Inc. owned 0.19% of Toll Brothers worth $24,375,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at about $705,000. Brown Advisory Inc. raised its stake in shares of Toll Brothers by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company's stock valued at $481,000 after purchasing an additional 186 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company's stock valued at $708,000 after purchasing an additional 340 shares in the last quarter. Sei Investments Co. raised its stake in shares of Toll Brothers by 164.9% in the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company's stock valued at $4,400,000 after purchasing an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Toll Brothers by 1.5% in 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 purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

NYSE TOL opened at $140.45 on Thursday. Toll Brothers Inc. has a 52 week low of $90.78 and a 52 week high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company has a 50-day moving average price of $146.69 and a two-hundred day moving average price of $141.04.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. Toll Brothers's quarterly revenue was up 15.4% on a year-over-year basis. Analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. Toll Brothers's payout ratio is 7.43%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Toll Brothers from $141.00 to $162.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Citizens Jmp reaffirmed a "market outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, February 18th. The Goldman Sachs Group boosted their price objective on shares of Toll Brothers from $140.00 to $156.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Weiss Ratings raised shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 10th. Finally, UBS Group boosted their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.69.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction that occurred 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 directly owned 321,256 shares of the company's stock, valued at $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is 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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