Corebridge Financial Inc. Has $14.39 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Corebridge Financial Inc. trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,250 shares of the construction company's stock after selling 7,134 shares during the period. Corebridge Financial Inc. owned 0.11% of Toll Brothers worth $14,390,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company's stock valued at $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Toll Brothers in the 4th quarter valued at about $43,615,000. Jennison Associates LLC raised its stake in shares of Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Toll Brothers by 228.1% during the fourth quarter. Empowered Funds LLC now owns 232,180 shares of the construction company's stock worth $29,243,000 after purchasing an additional 161,408 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $23,629,000. Institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 204 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,764 shares of company stock worth $1,476,523 in the last 90 days. Corporate insiders own 1.54% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Oppenheimer dropped their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Evercore ISI boosted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Wedbush restated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.57.

Toll Brothers Stock Down 3.4 %

Shares of TOL stock traded down $3.66 during trading on Friday, reaching $105.15. The company's stock had a trading volume of 1,305,692 shares, compared to its average volume of 1,468,280. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a one year low of $102.49 and a one year high of $169.52. The business has a fifty day moving average price of $118.90 and a 200-day moving average price of $136.43. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Toll Brothers's payout ratio is 6.88%.

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.