Hsbc Holdings PLC Sells 10,461 Shares of Toll Brothers Inc. $TOL

Hsbc Holdings PLC reduced its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 38.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,678 shares of the construction company’s stock after selling 10,461 shares during the quarter. Hsbc Holdings PLC’s holdings in Toll Brothers were worth $2,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOL. Sivia Capital Partners LLC acquired a new stake in shares of Toll Brothers during the 2nd quarter worth about $705,000. Brown Advisory Inc. boosted its position in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after buying an additional 186 shares in the last quarter. NewEdge Advisors LLC boosted its position in Toll Brothers by 5.8% in the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after buying an additional 340 shares in the last quarter. Sei Investments Co. grew its stake in Toll Brothers by 164.9% during the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after buying an additional 24,001 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Toll Brothers by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after buying an additional 700 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TOL. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Finally, Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.44.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In 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.

Toll Brothers Trading Up 0.7%

Shares of NYSE TOL opened at $149.37 on Friday. Toll Brothers Inc. has a 1-year low of $113.52 and a 1-year high of $168.36. The company has a 50-day moving average of $144.27 and a two-hundred day moving average of $144.77. The company has a market cap of $13.96 billion, a PE ratio of 11.30, a P/E/G ratio of 1.23 and a beta of 1.34. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 earnings per share. As a group, equities analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is currently 7.87%.

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.