Anchor Capital Advisors LLC Reduces Position in Toll Brothers Inc. $TOL

Anchor Capital Advisors LLC lowered its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,074 shares of the construction company’s stock after selling 18,983 shares during the quarter. Toll Brothers accounts for 1.3% of Anchor Capital Advisors LLC’s portfolio, making the stock its 28th biggest holding. Anchor Capital Advisors LLC’s holdings in Toll Brothers were worth $45,985,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Western Wealth Management LLC lifted its holdings in shares of Toll Brothers by 2.6% in the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after buying an additional 68 shares during the period. Root Financial Partners LLC raised its holdings in Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Toll Brothers by 0.4% during the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after acquiring an additional 72 shares in the last quarter. IFP Advisors Inc increased its position in shares of Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after purchasing an additional 74 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in Toll Brothers by 0.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock valued at $3,633,000 after buying an additional 81 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TOL. UBS Group decreased their price target on shares of Toll Brothers from $198.00 to $187.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Argus set a $170.00 price target on Toll Brothers in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on shares of Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Truist Financial dropped their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $139.40 on Wednesday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. Toll Brothers Inc. has a 52 week low of $102.81 and a 52 week high of $168.36. The firm has a 50-day simple moving average of $137.84 and a 200-day simple moving average of $141.81. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (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 analyst estimates of $2.42 billion. During the same period in the prior year, the business earned $3.50 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers Inc. will post 12.7 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a dividend of $0.26 per share. 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. The ex-dividend date of this dividend was Friday, April 10th. Toll Brothers’s payout ratio is presently 7.87%.

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.