Goldman Sachs Group Inc. Has $152.99 Million Stock Holdings in Toll Brothers Inc. $TOL

Goldman Sachs Group Inc. decreased its stake in Toll Brothers Inc. (NYSE:TOL) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131,408 shares of the construction company’s stock after selling 198,110 shares during the period. Goldman Sachs Group Inc.’s holdings in Toll Brothers were worth $152,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sivia Capital Partners LLC bought a new stake in Toll Brothers during the second quarter worth about $705,000. Brown Advisory Inc. grew its stake in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after purchasing an additional 186 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Toll Brothers by 5.8% during the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock worth $708,000 after purchasing an additional 340 shares during the last quarter. Sei Investments Co. raised its stake in shares of Toll Brothers by 164.9% during the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after purchasing an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Toll Brothers by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Toll Brothers from $198.00 to $187.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Royal Bank Of Canada cut their price target on shares of Toll Brothers from $161.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Citigroup restated a “neutral” rating on shares of Toll Brothers in a research note on Thursday, May 21st. Truist Financial cut their target price on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Evercore reissued an “outperform” rating and set a $185.00 price target on shares of Toll Brothers in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Price Performance

Shares of TOL opened at $137.83 on Monday. The firm has a market capitalization of $12.88 billion, a PE ratio of 10.43, a PEG ratio of 1.14 and a beta of 1.36. The company’s 50-day moving average is $138.08 and its 200-day moving average is $142.03. Toll Brothers Inc. has a fifty-two week low of $104.09 and a fifty-two week high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. Equities analysts forecast that Toll Brothers Inc. will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, April 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

Toll Brothers Company 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.