Moran Wealth Management LLC grew its stake in Toll Brothers Inc. (NYSE:TOL – Free Report) by 12.6% during the first quarter, HoldingsChannel reports. The fund owned 89,488 shares of the construction company’s stock after acquiring an additional 9,992 shares during the quarter. Moran Wealth Management LLC’s holdings in Toll Brothers were worth $12,212,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Toll Brothers by 25.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock valued at $14,694,000 after purchasing an additional 21,907 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Toll Brothers by 19.9% during the third quarter. American Century Companies Inc. now owns 207,807 shares of the construction company’s stock worth $28,706,000 after buying an additional 34,432 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Toll Brothers by 30.8% during the fourth quarter. Annex Advisory Services LLC now owns 44,251 shares of the construction company’s stock valued at $5,984,000 after buying an additional 10,420 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in shares of Toll Brothers by 18.2% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 95,304 shares of the construction company’s stock valued at $13,165,000 after acquiring an additional 14,668 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in shares of Toll Brothers by 120.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 16,540 shares of the construction company’s stock valued at $2,285,000 after acquiring an additional 9,042 shares during the period. 91.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on TOL shares. Truist Financial lowered their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Weiss Ratings lowered Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Citigroup began coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.56.
Toll Brothers Stock Up 0.1%
Shares of TOL opened at $157.26 on Friday. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.30 and a beta of 1.34. Toll Brothers Inc. has a 52 week low of $113.52 and a 52 week high of $168.36. The stock’s 50-day moving average price is $143.81 and its 200-day moving average price is $144.40. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the company posted $3.50 earnings per share. Toll Brothers’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.
Toll Brothers Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.87%.
Insider Activity at Toll Brothers
In other news, Director Stephen F. East sold 1,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the sale, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman owned 321,256 shares in the company, valued at $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 86,457 shares of company stock worth $13,468,657. 1.37% of the stock is owned by company insiders.
About Toll Brothers
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.
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