Northstar Advisory Group LLC Sells 21,713 Shares of Toll Brothers Inc. $TOL

Northstar Advisory Group LLC lowered its holdings in Toll Brothers Inc. (NYSE:TOL) by 62.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,073 shares of the construction company’s stock after selling 21,713 shares during the period. Northstar Advisory Group LLC’s holdings in Toll Brothers were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Candriam S.C.A. acquired a new position in Toll Brothers during the third quarter valued at approximately $5,407,000. Moody Aldrich Partners LLC grew its stake in Toll Brothers by 93.7% in the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock valued at $3,762,000 after purchasing an additional 13,175 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $6,929,000. Allianz Asset Management GmbH increased its position in shares of Toll Brothers by 11.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock worth $31,345,000 after purchasing an additional 22,687 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $2,514,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group increased their price objective on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a research report on Monday, February 23rd. JPMorgan Chase & Co. increased their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada upped their target price on shares of Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $165.25.

Toll Brothers Stock Down 0.4%

TOL stock opened at $130.54 on Tuesday. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $168.36. The business’s 50 day simple moving average is $148.51 and its 200 day simple moving average is $141.11. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $12.36 billion, a PE ratio of 9.32, a PEG ratio of 1.02 and a beta of 1.45.

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

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid 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 dividend yield of 0.8%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is 7.14%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the 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 of the company’s stock, valued at $51,535,887.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction that occurred on 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 owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company 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.