Toll Brothers Inc. $TOL Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP trimmed its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 49.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,030 shares of the construction company's stock after selling 61,461 shares during the quarter. Corient Private Wealth LP owned 0.07% of Toll Brothers worth $10,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC purchased a new position in shares of Toll Brothers in the second quarter worth $37,012,000. Thrivent Financial for Lutherans lifted its stake in shares of Toll Brothers by 52.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company's stock worth $6,105,000 after buying an additional 15,526 shares during the period. Meeder Advisory Services Inc. purchased a new stake in shares of Toll Brothers during the second quarter valued at $862,000. Mariner Investment Group LLC acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $1,648,000. Finally, Investment House LLC increased its position in shares of Toll Brothers by 103.2% in the 4th quarter. Investment House LLC now owns 33,849 shares of the construction company's stock valued at $4,577,000 after acquiring an additional 17,193 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 23,457 shares of the company's stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.37% of the company's stock.

Toll Brothers Price Performance

NYSE:TOL opened at $146.33 on Friday. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.20 and a beta of 1.35. The firm's fifty day moving average is $151.46 and its two-hundred day moving average is $146.38.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion for 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%.The company's revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.73 earnings per share. Research analysts expect that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on TOL shares. Barclays lifted their price target on Toll Brothers from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 14th. Royal Bank Of Canada restated an "outperform" rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Benchmark began coverage on Toll Brothers in a report on Tuesday, June 9th. They set a "buy" rating for the company. Piper Sandler downgraded Toll Brothers from an "overweight" rating to a "neutral" rating in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Fifteen equities research 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.27.

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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