Federated Hermes Inc. Has $1.24 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Federated Hermes Inc. decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,723 shares of the construction company’s stock after selling 553 shares during the quarter. Federated Hermes Inc.’s holdings in Toll Brothers were worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in shares of Toll Brothers in the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the second quarter valued at about $29,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after acquiring an additional 142 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers in the first quarter worth about $34,000. Finally, Rise Advisors LLC acquired a new stake in shares of Toll Brothers during the first quarter worth about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the topic of several research analyst reports. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer increased their target price on Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Finally, Barclays increased their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Toll Brothers Trading Down 1.8 %

TOL stock opened at $150.44 on Friday. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. The company has a fifty day moving average price of $137.63 and a two-hundred day moving average price of $126.58. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $154.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the business earned $3.73 EPS. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that Toll Brothers, Inc. will post 13.31 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s dividend payout ratio is 6.28%.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.