Numerai GP LLC Trims Holdings in Toll Brothers Inc. $TOL

Numerai GP LLC lowered its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 42.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,263 shares of the construction company’s stock after selling 16,571 shares during the period. Numerai GP LLC’s holdings in Toll Brothers were worth $3,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ramirez Asset Management Inc. purchased a new stake in shares of Toll Brothers in the third quarter valued at about $28,000. Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers during the third quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers during the third quarter worth about $29,000. Smithfield Trust Co increased its position in Toll Brothers by 136.4% in the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after acquiring an additional 150 shares during the period. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in Toll Brothers in the 3rd quarter valued at about $41,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. UBS Group upped their price target on Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Evercore set a $174.00 price target on Toll Brothers in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, BTIG Research began coverage on shares of Toll Brothers in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.25.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction on Tuesday, February 24th. The stock was 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 trade represents a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Up 4.0%

Shares of Toll Brothers stock opened at $142.11 on Tuesday. The company has a 50-day moving average of $150.16 and a two-hundred day moving average of $141.68. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $168.36. 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 stock has a market cap of $13.46 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.06 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 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company earned $1.75 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers’s dividend payout ratio is currently 7.14%.

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.