Oppenheimer & Co. Inc. Sells 5,520 Shares of Toll Brothers Inc. $TOL

by · The Cerbat Gem

Oppenheimer & Co. Inc. lessened its position in Toll Brothers Inc. (NYSE:TOLFree Report) by 22.3% in the 4th quarter, Holdings Channel reports. The firm owned 19,230 shares of the construction company’s stock after selling 5,520 shares during the period. Oppenheimer & Co. Inc.’s holdings in Toll Brothers were worth $2,600,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Ramirez Asset Management Inc. bought a new stake in Toll Brothers in the third quarter valued at approximately $28,000. Abich Financial Wealth Management LLC bought a new stake in Toll Brothers in the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers in the third quarter valued at approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers in the fourth quarter valued at approximately $34,000. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial reduced their price target on shares of Toll Brothers from $190.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada upped their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.44.

Get Our Latest Report on TOL

Toll Brothers Stock Down 3.3%

Toll Brothers stock opened at $135.24 on Tuesday. The stock has a market capitalization of $12.81 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Toll Brothers Inc. has a twelve month low of $100.92 and a twelve month high of $168.36. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $143.48 and a 200-day moving average of $141.87.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. On average, equities research analysts anticipate that Toll Brothers Inc. will post 12.67 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, April 10th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.43%.

Toll Brothers Company Profile

(Free Report)

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.

See Also

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