Candriam S.C.A. Cuts Holdings in Toll Brothers Inc. $TOL

Candriam S.C.A. trimmed its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 36.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 45,465 shares of the construction company’s stock after selling 25,701 shares during the quarter. Candriam S.C.A.’s holdings in Toll Brothers were worth $6,205,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Greenhaven Associates Inc. increased its holdings in Toll Brothers by 0.4% during the 4th quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after purchasing an additional 22,218 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the period. Holocene Advisors LP lifted its holdings in Toll Brothers by 78.0% in the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after acquiring an additional 974,567 shares during the last quarter. Norges Bank acquired a new position in Toll Brothers during the 4th quarter valued at approximately $168,312,000. Finally, Bamco Inc. NY grew its position in shares of Toll Brothers by 0.8% during the fourth quarter. Bamco Inc. NY now owns 1,166,270 shares of the construction company’s stock worth $157,703,000 after acquiring an additional 9,385 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the business’s 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 in the company, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,457 shares of company stock worth $13,468,657 in the last quarter. 1.37% of the stock is owned by company insiders.

Toll Brothers Stock Performance

TOL opened at $148.13 on Tuesday. The stock has a market cap of $13.85 billion, a PE ratio of 11.20, a P/E/G ratio of 1.24 and a beta of 1.34. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $144.39 and its 200-day simple moving average is $144.88. Toll Brothers Inc. has a 1 year low of $113.52 and a 1 year high of $168.36.

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

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.26 per share. 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 payout ratio is currently 7.87%.

Wall Street Analysts Forecast Growth

TOL has been the subject of several recent analyst reports. Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Royal Bank Of Canada restated an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a report on Thursday, June 11th. Benchmark began coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. Weiss Ratings downgraded shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Finally, UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.44.

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.