Truist Financial Corp Grows Stock Holdings in Toll Brothers Inc. $TOL

Truist Financial Corp lifted its position in Toll Brothers Inc. (NYSE:TOL) by 46.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,117 shares of the construction company’s stock after buying an additional 4,169 shares during the quarter. Truist Financial Corp’s holdings in Toll Brothers were worth $1,812,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kaufman Rossin Wealth LLC grew its position in Toll Brothers by 2.3% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,859 shares of the construction company’s stock valued at $533,000 after acquiring an additional 86 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of Toll Brothers by 4.0% in the second quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company’s stock valued at $294,000 after purchasing an additional 100 shares during the period. HM Payson & Co. grew its holdings in shares of Toll Brothers by 6.0% in the third quarter. HM Payson & Co. now owns 1,760 shares of the construction company’s stock valued at $243,000 after purchasing an additional 100 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in Toll Brothers by 4.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,502 shares of the construction company’s stock worth $315,000 after buying an additional 107 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Toll Brothers by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 5,222 shares of the construction company’s stock worth $721,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $153.21 on Friday. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.20 and a beta of 1.47. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $155.52. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $141.75 and a 200 day moving average price of $136.88.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the firm posted $4.63 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the sale, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TOL. JPMorgan Chase & Co. dropped their price target on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. The Goldman Sachs Group boosted their target price on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Citizens Jmp initiated coverage on Toll Brothers in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $175.00 price target on the stock. Wells Fargo & Company lifted their price objective on Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, BTIG Research assumed coverage on shares of Toll Brothers in a research note on Monday, December 1st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $154.40.

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.