Cookson Peirce & Co. Inc. Decreases Stock Position in Toll Brothers Inc. $TOL

Cookson Peirce & Co. Inc. cut its holdings in Toll Brothers Inc. (NYSE:TOL) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 187,399 shares of the construction company’s stock after selling 6,844 shares during the quarter. Toll Brothers comprises 1.0% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 27th largest position. Cookson Peirce & Co. Inc. owned 0.20% of Toll Brothers worth $25,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers in the third quarter worth about $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers in the third quarter worth about $28,000. Ramirez Asset Management Inc. purchased a new position in shares of Toll Brothers in the third quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers in the third quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers in the fourth quarter worth about $34,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Down 1.4%

Shares of NYSE:TOL opened at $137.83 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 $138.08 and a two-hundred day moving average of $141.92. The stock has a market cap of $12.88 billion, a P/E ratio of 10.43, a PEG ratio of 1.14 and a beta of 1.36. Toll Brothers Inc. has a 52-week low of $104.09 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last announced 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. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the company posted $3.50 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. On average, research analysts expect that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a dividend of $0.26 per share. The ex-dividend date was Friday, April 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s payout ratio is presently 7.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore restated an “outperform” rating and issued a $185.00 price objective on shares of Toll Brothers in a research report on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Royal Bank Of Canada cut their price objective on Toll Brothers from $161.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Citizens Jmp restated a “market outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, February 18th. Finally, Argus set a $170.00 price objective on Toll Brothers in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.