Strategic Wealth Partners Ltd. Sells 93,386 Shares of Toll Brothers Inc. $TOL

Strategic Wealth Partners Ltd. decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 99.3% in the 2nd quarter, Holdings Channel reports. The firm owned 666 shares of the construction company’s stock after selling 93,386 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Toll Brothers were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TOL. BlackRock Inc. bought a new stake in Toll Brothers during the second quarter valued at approximately $1,610,696,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after buying an additional 3,151,509 shares during the last quarter. Norges Bank purchased a new position in Toll Brothers in the fourth quarter worth $168,312,000. Bank of New York Mellon Corp purchased a new position in Toll Brothers in the second quarter worth $164,804,000. Finally, Ascentis Wealth Management LLC increased its stake in Toll Brothers by 16,397.7% in the second quarter. Ascentis Wealth Management LLC now owns 539,641 shares of the construction company’s stock valued at $88,906,000 after acquiring an additional 536,370 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Up 1.3%

Shares of NYSE TOL opened at $147.03 on Friday. The firm’s fifty day moving average is $151.97 and its 200 day moving average is $146.43. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.20 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.04. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.73 EPS. On average, equities research analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is 8.35%.

Insider Transactions at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the sale, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOL shares. Evercore restated an “outperform” rating and set a $191.00 price target on shares of Toll Brothers in a research report on Thursday. Truist Financial upped their price objective on Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Finally, Benchmark initiated coverage on Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.25.

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.