Toll Brothers Inc. $TOL Stock: Ritholtz Wealth Management Decreases Stake

Ritholtz Wealth Management decreased its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,680 shares of the construction company’s stock after selling 6,220 shares during the quarter. Ritholtz Wealth Management’s holdings in Toll Brothers were worth $5,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of Toll Brothers during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Toll Brothers in the second quarter valued at $35,000. Silver Grove Financial Group Inc. grew its stake in shares of Toll Brothers by 52.0% in the third quarter. Silver Grove Financial Group Inc. now owns 272 shares of the construction company’s stock valued at $37,000 after buying an additional 93 shares in the last quarter. Next Level Wealth Planning LLC bought a new position in shares of Toll Brothers in the third quarter valued at $48,000. Finally, Compass Financial Management LLC acquired a new position in Toll Brothers during the second quarter worth $51,000. Institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen East sold 800 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the sale, the director owned 12,642 shares of the company’s stock, valued at $1,719,185.58. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TOL. Melius Research began coverage on shares of Toll Brothers in a research report on Tuesday, October 6th. They set a “buy” rating and a $179.00 price target on the stock. Stonex Financial upgraded shares of Toll Brothers to a “strong-buy” rating in a research note on Thursday, October 15th. UBS Group lifted their price objective on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Evercore set a $184.00 price objective on shares of Toll Brothers in a research note on Friday, September 25th. Finally, Truist Financial upped their target price on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.40.

Toll Brothers Price Performance

NYSE:TOL opened at $148.02 on Friday. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.12 and a beta of 1.30. The stock’s 50 day moving average price is $139.24 and its two-hundred day moving average price is $144.47. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted $3.73 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, analysts anticipate that Toll Brothers Inc. will post 12.80 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers’s dividend payout ratio is 8.35%.

About Toll Brothers

Toll Brothers, Inc. is a U.S. homebuilding company focused primarily on designing, building, marketing and selling luxury residential properties. Its offerings include single-family detached homes, townhomes and condominiums, as well as age-qualified communities and urban high-rise residences. Founded in 1967 by brothers Bob and Bruce Toll, the company has expanded from its Pennsylvania roots to serve homebuyers in markets across the United States. Its communities are generally designed for move-up, luxury and active-adult buyers.