Evolve Private Wealth LLC Buys Shares of 33,260 Toll Brothers Inc. $TOL

Evolve Private Wealth LLC purchased a new position in Toll Brothers Inc. (NYSE:TOL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,260 shares of the construction company’s stock, valued at approximately $4,497,000.

Several other institutional investors and hedge funds have also modified their holdings of TOL. Wiser Advisor Group LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Ramirez Asset Management Inc. bought a new stake in Toll Brothers during the third quarter valued at about $28,000. Pinnacle Holdings LLC purchased a new stake in Toll Brothers in the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers in the third quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Stock Down 2.2%

NYSE TOL opened at $149.88 on Thursday. Toll Brothers Inc. has a 12 month low of $104.09 and a 12 month high of $168.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock has a market cap of $14.01 billion, a PE ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 1.36. The stock’s 50 day moving average is $139.86 and its 200 day moving average is $142.78.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm posted $3.50 EPS. The company’s revenue was down 7.6% on a year-over-year basis. Research analysts predict that Toll Brothers Inc. will post 12.68 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TOL. Truist Financial cut their price objective 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. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.56.

About Toll Brothers

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.