Toll Brothers Inc. $TOL Stock Holdings Cut by Greenhaven Associates Inc.

Key Points

• Greenhaven Associates reduced its Toll Brothers stake by 0.3%, selling 15,200 shares but retaining 5.63 million shares worth approximately $927.6 million. Toll Brothers remains Greenhaven’s third-largest holding and represents 10.7% of its portfolio.
• Analyst sentiment remains positive overall, with Toll Brothers holding a “Moderate Buy” consensus rating and an average price target of $164.88, although some firms lowered ratings or targets.
• Toll Brothers beat quarterly earnings and revenue expectations, reporting $2.72 in EPS and $2.53 billion in revenue, while revenue declined 7.6% year over year. The company also paid a quarterly dividend of $0.26 per share, yielding about 0.7% annually.

Greenhaven Associates Inc. reduced its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,630,109 shares of the construction company's stock after selling 15,200 shares during the period. Toll Brothers comprises 10.7% of Greenhaven Associates Inc.'s holdings, making the stock its 3rd largest position. Greenhaven Associates Inc. owned about 6.02% of Toll Brothers worth $927,560,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Hilton Head Capital Partners LLC increased its position in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock valued at $26,000 after buying an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC purchased a new position in shares of Toll Brothers during the 4th quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Toll Brothers in the 3rd quarter valued at $37,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TOL shares. Piper Sandler cut shares of Toll Brothers from an "overweight" rating to a "neutral" rating in a research report on Tuesday, June 9th. Truist Financial dropped their target price on shares of Toll Brothers from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Barclays upped their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods upgraded Toll Brothers from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $158.00 to $161.00 in a report on Tuesday, June 9th. Finally, Citigroup upgraded Toll Brothers from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $146.00 to $176.00 in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and an average price target of $164.88.

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business's stock in a transaction dated 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 in the company, valued at $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by insiders.

Toll Brothers Stock Up 0.4%

Shares of NYSE:TOL opened at $149.09 on Friday. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $151.48 and a two-hundred day moving average of $146.38. The stock has a market cap of $13.94 billion, a P/E ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 52-week low of $123.14 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 EPS. On average, research analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.26 per share. 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 (DPR) is presently 7.87%.

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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