Toll Brothers Inc. $TOL Shares Sold by Prana Capital Management LP

Prana Capital Management LP cut its holdings in Toll Brothers Inc. (NYSE:TOL) by 42.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,538 shares of the construction company’s stock after selling 112,649 shares during the quarter. Prana Capital Management LP owned 0.16% of Toll Brothers worth $21,486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wiser Advisor Group LLC acquired a new stake in Toll Brothers in the third quarter valued at $27,000. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers during the 3rd quarter worth $28,000. Ramirez Asset Management Inc. acquired a new position in shares of Toll Brothers during the 3rd quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at about $29,000. Finally, Smithfield Trust Co increased its holdings in shares of Toll Brothers by 136.4% in the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the sale, the director directly owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TOL. Oppenheimer reissued an “outperform” rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research report on Monday, February 23rd. BTIG Research assumed coverage on Toll Brothers in a research note on Monday, December 1st. They set a “neutral” rating on the stock. Citigroup upped their price target on Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Finally, UBS Group raised their price objective on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.25.

Toll Brothers Trading Down 0.4%

Shares of Toll Brothers stock opened at $141.54 on Wednesday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The business has a 50 day moving average price of $150.28 and a 200 day moving average price of $141.70. The company has a market capitalization of $13.40 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.11 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. Toll Brothers’s quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

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.