Toll Brothers Inc. $TOL Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. decreased its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,399 shares of the construction company’s stock after selling 6,844 shares during the period. Toll Brothers accounts for 1.0% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 27th biggest position. Cookson Peirce & Co. Inc.’s holdings in Toll Brothers were worth $25,340,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Greenhaven Associates Inc. grew its position in Toll Brothers by 0.4% during the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after acquiring an additional 22,218 shares during the period. Capital World Investors grew its position in Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after acquiring an additional 1,763,211 shares during the period. Dimensional Fund Advisors LP grew its position in Toll Brothers by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,901,015 shares of the construction company’s stock valued at $400,745,000 after acquiring an additional 39,987 shares during the period. Holocene Advisors LP grew its position in Toll Brothers by 78.0% during the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after acquiring an additional 974,567 shares during the period. Finally, Norges Bank purchased a new stake in Toll Brothers during the fourth quarter valued at about $168,312,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director owned 13,442 shares in the company, valued at $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by insiders.

Toll Brothers Stock Down 1.4%

TOL opened at $137.83 on Friday. Toll Brothers Inc. has a 12 month low of $104.09 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a market cap of $12.88 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.14 and a beta of 1.36. The stock’s 50 day moving average price is $138.08 and its 200 day moving average price is $141.92.

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

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a $0.26 dividend. The ex-dividend date was Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.87%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TOL. Oppenheimer reaffirmed an “outperform” rating and issued a $180.00 target price (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. UBS Group decreased their target price on Toll Brothers from $198.00 to $187.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Barclays decreased their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of Toll Brothers in a research report on Thursday, May 21st. Finally, Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

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.