Toll Brothers Inc. $TOL Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its position in shares of Toll Brothers Inc. (NYSE:TOL) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,848 shares of the construction company’s stock after selling 9,003 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Toll Brothers were worth $9,310,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Western Wealth Management LLC increased its stake in shares of Toll Brothers by 2.6% in the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares in the last quarter. Merit Financial Group LLC boosted its position in Toll Brothers by 0.4% during the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after purchasing an additional 72 shares in the last quarter. IFP Advisors Inc boosted its position in Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after purchasing an additional 74 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in Toll Brothers by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock valued at $3,633,000 after purchasing an additional 81 shares during the period. Finally, Applied Finance Capital Management LLC increased its position in shares of Toll Brothers by 4.3% in the fourth quarter. Applied Finance Capital Management LLC now owns 2,062 shares of the construction company’s stock valued at $279,000 after buying an additional 85 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $137.95 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The business’s 50 day moving average price is $137.76 and its 200-day moving average price is $141.76. The firm has a market capitalization of $13.06 billion, a PE ratio of 10.43, a P/E/G ratio of 1.16 and a beta of 1.39. Toll Brothers Inc. has a 1 year low of $100.92 and a 1 year high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 EPS. As a group, equities research analysts expect that Toll Brothers Inc. will post 12.7 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change 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 currently 7.87%.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Truist Financial reduced their target price on Toll Brothers from $170.00 to $165.00 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 report on Thursday, May 21st. Citizens Jmp restated a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, February 18th. Oppenheimer reaffirmed an “outperform” rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.81.

Toll Brothers 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.