Burney Co. Lowers Stock Holdings in Toll Brothers Inc. $TOL

Burney Co. lowered its stake in Toll Brothers Inc. (NYSE:TOL) by 18.1% during the first quarter, Holdings Channel.com reports. The fund owned 34,671 shares of the construction company’s stock after selling 7,656 shares during the quarter. Burney Co.’s holdings in Toll Brothers were worth $4,732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Greenhaven Associates Inc. increased its position in shares of Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after purchasing an additional 22,218 shares in the last quarter. Capital World Investors boosted its stake in Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after purchasing an additional 1,763,211 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Holocene Advisors LP grew its holdings in shares of Toll Brothers by 78.0% during the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after buying an additional 974,567 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Toll Brothers during the fourth quarter worth $168,312,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Seaport Research Partners restated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Weiss Ratings cut Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Evercore reiterated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research report on Thursday, May 21st. Finally, Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $163.56.

Toll Brothers Price Performance

TOL opened at $155.02 on Tuesday. The stock’s 50-day moving average price is $143.93 and its 200 day moving average price is $144.55. Toll Brothers Inc. has a 12-month low of $113.52 and a 12-month high of $168.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.30 and a beta of 1.34.

Toll Brothers (NYSE:TOL) 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. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, sell-side 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 will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio is presently 7.87%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 86,457 shares of company stock worth $13,468,657. Insiders own 1.37% of the company’s stock.

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.