Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $677,000 in Toll Brothers Inc. $TOL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Toll Brothers Inc. (NYSE:TOL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,961 shares of the construction company’s stock, valued at approximately $677,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. Western Wealth Management LLC grew its holdings 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 acquiring an additional 68 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the last quarter. Merit Financial Group LLC raised its holdings 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 acquiring an additional 72 shares in the last quarter. IFP Advisors Inc raised its holdings 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 acquiring an additional 74 shares in the last quarter. Finally, Hilton Head Capital Partners LLC boosted its position in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Up 1.6%

Shares of Toll Brothers stock opened at $155.72 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The firm has a 50-day moving average of $145.31 and a 200-day moving average of $145.18. Toll Brothers Inc. has a 52-week low of $115.50 and a 52-week high of $168.36. The stock has a market cap of $14.55 billion, a PE ratio of 11.78, a PEG ratio of 1.27 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business’s revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.87%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TOL. Weiss Ratings cut Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a report on Tuesday, June 9th. Citigroup raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and upped their price target for the stock from $146.00 to $176.00 in a research report on Friday, July 10th. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and increased their price target for the company from $158.00 to $161.00 in a research note on Tuesday, June 9th. Finally, Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $164.88.

Insider Buying and Selling at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction 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 approximately $3,510,574.62. This represents a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $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. 1.37% of the stock is owned by insiders.

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.