Allspring Global Investments Holdings LLC Sells 26,614 Shares of Toll Brothers Inc. $TOL

Allspring Global Investments Holdings LLC cut its holdings in Toll Brothers Inc. (NYSE:TOL) by 24.6% during the first quarter, Holdings Channel.com reports. The firm owned 81,765 shares of the construction company’s stock after selling 26,614 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Toll Brothers were worth $11,190,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TOL. Western Wealth Management LLC boosted its holdings in Toll Brothers by 2.6% during the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after purchasing an additional 68 shares during the last quarter. Root Financial Partners LLC increased its stake in Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares during the last quarter. Merit Financial Group LLC increased its stake in Toll Brothers by 0.4% in the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after buying an additional 72 shares during the last quarter. IFP Advisors Inc lifted its position in Toll Brothers by 2.4% during the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after buying an additional 74 shares in the last quarter. Finally, Hilton Head Capital Partners LLC lifted its position in Toll Brothers by 65.5% during 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. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction that occurred 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 directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by insiders.

Toll Brothers Stock Performance

TOL opened at $148.76 on Thursday. The firm has a market cap of $13.91 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. Toll Brothers Inc. has a 52-week low of $117.50 and a 52-week high of $168.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The business’s fifty day moving average is $146.38 and its 200-day moving average is $145.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Toll Brothers’s revenue for the quarter was down 7.6% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Truist Financial decreased their price objective on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Finally, Barclays upped their target price on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $164.88.

Toll Brothers 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.