Toll Brothers, Inc. (NYSE:TOL) Position Reduced by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC trimmed its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 28.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,438 shares of the construction company’s stock after selling 1,808 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Toll Brothers were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Huntington National Bank boosted its stake in Toll Brothers by 46.3% during the 3rd quarter. Huntington National Bank now owns 736 shares of the construction company’s stock valued at $36,000 after acquiring an additional 233 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Toll Brothers by 83.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 737 shares of the construction company’s stock valued at $36,000 after acquiring an additional 335 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Toll Brothers by 20.6% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,015 shares of the construction company’s stock valued at $65,000 after acquiring an additional 344 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Toll Brothers by 166.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the construction company’s stock valued at $39,000 after acquiring an additional 500 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Toll Brothers by 8.4% during the 3rd quarter. Private Advisor Group LLC now owns 7,287 shares of the construction company’s stock valued at $355,000 after acquiring an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 82.26% of the company’s stock.

TOL has been the topic of a number of research analyst reports. Truist upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $60.00 in a research note on Thursday. TheStreet upgraded shares of Toll Brothers from a “c+” rating to a “b-” rating in a research report on Monday, September 28th. Wedbush raised their price target on shares of Toll Brothers from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Bank of America raised their price target on shares of Toll Brothers from $39.00 to $43.00 and gave the stock an “underperform” rating in a research report on Thursday, August 27th. Finally, Raymond James upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Monday, October 26th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Toll Brothers currently has a consensus rating of “Hold” and an average price target of $43.82.

Toll Brothers stock opened at $47.07 on Friday. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.25 and a beta of 1.65. The company has a current ratio of 6.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $46.75 and its two-hundred day moving average price is $38.85. Toll Brothers, Inc. has a 52 week low of $13.28 and a 52 week high of $50.42.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 25th. The construction company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.21. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Toll Brothers had a net margin of 6.51% and a return on equity of 9.38%. Toll Brothers’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $1.00 EPS. Research analysts expect that Toll Brothers, Inc. will post 3.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $0.44 annualized dividend and a yield of 0.93%. Toll Brothers’s payout ratio is 10.92%.

In other news, COO Robert Parahus sold 3,500 shares of Toll Brothers stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $48.30, for a total value of $169,050.00. Following the transaction, the chief operating officer now owns 7,317 shares of the company’s stock, valued at approximately $353,411.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert I. Toll sold 14,472 shares of Toll Brothers stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $44.23, for a total transaction of $640,096.56. Following the completion of the transaction, the director now directly owns 9,020,316 shares in the company, valued at approximately $398,968,576.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,458 shares of company stock worth $16,646,792. 10.94% of the stock is owned by corporate insiders.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

Further Reading: Cash Flow Analysis in Stock Selection

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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