United Capital Financial Advisors LLC Makes New $626,000 Investment in Toll Brothers Inc. $TOL

United Capital Financial Advisors LLC purchased a new stake in Toll Brothers Inc. (NYSE:TOL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,798 shares of the construction company’s stock, valued at approximately $626,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in shares of Toll Brothers during the 2nd quarter valued at $705,000. Brown Advisory Inc. increased its stake in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after purchasing an additional 186 shares in the last quarter. NewEdge Advisors LLC increased its stake in Toll Brothers by 5.8% in the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after purchasing an additional 340 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Toll Brothers by 164.9% during the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after purchasing an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Toll Brothers by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after purchasing an additional 700 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by company insiders.

Toll Brothers Trading Down 1.9%

NYSE:TOL opened at $143.46 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. Toll Brothers Inc. has a one year low of $123.14 and a one year high of $168.36. The company has a market cap of $13.41 billion, a PE ratio of 11.51, a PEG ratio of 1.20 and a beta of 1.35. The firm has a 50-day moving average of $151.30 and a 200-day moving average of $146.21.

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 for 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 last year, the firm earned $3.73 EPS. As a group, equities research analysts expect that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays raised their target price on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a research note on Tuesday, July 14th. Truist Financial upped their price target on Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Benchmark assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Evercore restated an “outperform” rating and set a $191.00 price objective on shares of Toll Brothers in a report on Thursday, August 20th. Fifteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.27.

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.