Proficio Capital Partners LLC Takes Position in Toll Brothers Inc. $TOL

Proficio Capital Partners LLC bought a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, HoldingsChannel.com reports. The fund bought 10,182 shares of the construction company’s stock, valued at approximately $1,677,000.

A number of other large investors have also recently bought and sold shares of the stock. Hilton Head Capital Partners LLC lifted its holdings in shares of 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 acquiring an additional 74 shares during the period. Wiser Advisor Group LLC bought a new position in Toll Brothers during the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the third quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Toll Brothers during the second quarter worth approximately $35,000. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Benchmark began coverage on Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. UBS Group upped their price target on shares of Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Evercore restated an “outperform” rating and issued a $191.00 price objective on shares of Toll Brothers in a research report on Thursday, August 20th. Finally, Oppenheimer cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Fifteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.67.

Insider Activity

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Robert Parahus sold 7,500 shares of the 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 sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

TOL stock opened at $148.32 on Thursday. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The business’s fifty day moving average is $151.86 and its 200-day moving average is $146.43. The company has a market cap of $13.86 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The company’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.73 earnings per share. Equities research analysts forecast that Toll Brothers Inc. will post 12.81 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued 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 payout ratio is 8.35%.

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.