Xponance Inc. Sells 1,224 Shares of Toll Brothers, Inc. (NYSE:TOL)

Xponance Inc. cut its holdings in Toll Brothers, Inc. (NYSE:TOL) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,208 shares of the construction company’s stock after selling 1,224 shares during the quarter. Xponance Inc.’s holdings in Toll Brothers were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC increased its stake in shares of Toll Brothers by 29.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,376 shares of the construction company’s stock valued at $549,000 after buying an additional 1,218 shares during the period. Advisory Services Network LLC raised its holdings in Toll Brothers by 51.2% in the 4th quarter. Advisory Services Network LLC now owns 4,416 shares of the construction company’s stock worth $454,000 after purchasing an additional 1,496 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $540,000. Bank of Nova Scotia bought a new stake in shares of Toll Brothers during the 4th quarter valued at about $18,792,000. Finally, Alpha DNA Investment Management LLC increased its position in shares of Toll Brothers by 48.3% during the fourth quarter. Alpha DNA Investment Management LLC now owns 4,108 shares of the construction company’s stock valued at $422,000 after buying an additional 1,338 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The disclosure for this sale can be found here. Insiders have sold 191,257 shares of company stock worth $28,646,402 in the last quarter. Company insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on TOL shares. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday. Wedbush lifted their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Evercore ISI boosted their price target on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Argus raised their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Citigroup dropped their target price on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.67.

Toll Brothers Stock Performance

Shares of TOL stock opened at $155.40 on Friday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $156.00. The firm has a market capitalization of $15.69 billion, a PE ratio of 10.61, a P/E/G ratio of 1.24 and a beta of 1.67. The company has a 50 day moving average price of $139.48 and a 200-day moving average price of $127.43.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business posted $3.73 EPS. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s payout ratio is currently 6.28%.

Toll Brothers Company 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.