Castleark Management LLC Buys 10,310 Shares of Toll Brothers Inc. $TOL

Castleark Management LLC boosted its stake in Toll Brothers Inc. (NYSE:TOL) by 25.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,403 shares of the construction company’s stock after buying an additional 10,310 shares during the period. Castleark Management LLC’s holdings in Toll Brothers were worth $7,015,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TOL. Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers in the fourth quarter worth $34,000. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Up 0.0%

Toll Brothers stock opened at $149.92 on Monday. 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 business’s fifty day simple moving average is $147.14 and its two-hundred day simple moving average is $145.70. Toll Brothers Inc. has a 12 month low of $117.50 and a 12 month high of $168.36. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company’s revenue was down 7.6% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. As a group, equities analysts predict that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 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%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

Insider Transactions at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were 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. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the sale, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Evercore restated an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a report on Thursday, May 21st. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday, June 9th. Argus set a $170.00 price target on shares of Toll Brothers in a research note on Tuesday, June 2nd. Finally, Truist Financial lowered their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.88.

Toll Brothers 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.