Toll Brothers Inc. $TOL Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC lowered its position in Toll Brothers Inc. (NYSE:TOL) by 52.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,512 shares of the construction company’s stock after selling 9,444 shares during the quarter. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TOL. Hilton Head Capital Partners LLC boosted its position in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after buying an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Toll Brothers during the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC purchased a new position in Toll Brothers during the 4th quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new position in Toll Brothers during the 3rd quarter valued at about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

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

Toll Brothers Stock Performance

NYSE:TOL opened at $150.58 on Friday. The firm has a 50 day simple moving average of $145.56 and a 200-day simple moving average of $145.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The firm has a market cap of $14.07 billion, a PE ratio of 11.39, a P/E/G ratio of 1.25 and a beta of 1.34. Toll Brothers Inc. has a 1-year low of $115.50 and a 1-year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $3.50 earnings per share. On average, equities analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis 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 currently 7.87%.

Analyst Ratings Changes

TOL has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a research report on Thursday, June 11th. Seaport Research Partners restated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Truist Financial lowered their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and set a $185.00 price target on shares of Toll Brothers in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.88.

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.