Toll Brothers Inc. $TOL Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its stake in Toll Brothers Inc. (NYSE:TOL) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 588,938 shares of the construction company’s stock after buying an additional 79,480 shares during the period. First Trust Advisors LP owned approximately 0.61% of Toll Brothers worth $81,356,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers in the 3rd quarter worth $28,000. Ramirez Asset Management Inc. acquired a new stake in shares of Toll Brothers during the third quarter worth $28,000. Smithfield Trust Co lifted its holdings in shares of Toll Brothers by 136.4% during the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at $41,000. Finally, Root Financial Partners LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at $44,000. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TOL. Oppenheimer restated 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. Truist Financial assumed coverage on shares of Toll Brothers in a report on Wednesday, March 4th. They issued a “buy” rating and a $190.00 target price for the company. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Citizens Jmp restated a “market outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $165.25.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares in the company, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

Toll Brothers Stock Down 0.2%

Shares of Toll Brothers stock opened at $147.36 on Tuesday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $168.36. The company has a market cap of $13.96 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.15 and a beta of 1.45. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $149.63 and a 200 day moving average price of $141.59.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. As a group, analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is presently 7.14%.

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.