3,928 Shares in Toll Brothers Inc. $TOL Purchased by WBI Investments LLC

WBI Investments LLC purchased a new stake in shares of Toll Brothers Inc. (NYSE:TOL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,928 shares of the construction company’s stock, valued at approximately $543,000.

Other institutional investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $27,000. Abich Financial Wealth Management LLC acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $28,000. Ramirez Asset Management Inc. bought a new stake in Toll Brothers in the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers in the 3rd quarter valued at $29,000. Finally, Smithfield Trust Co increased its position in Toll Brothers by 136.4% during the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock worth $36,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TOL. Barclays reissued an “underweight” rating on shares of Toll Brothers in a report on Monday, February 23rd. Evercore set a $174.00 price objective on Toll Brothers in a research note on Thursday, February 19th. Truist Financial assumed coverage on Toll Brothers in a research report on Wednesday, March 4th. They set a “buy” rating and a $190.00 target price for the company. Royal Bank Of Canada raised their price target on Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group boosted their price target on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.25.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $136.73 on Thursday. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $168.36. The company’s 50 day moving average price is $150.31 and its two-hundred day moving average price is $141.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The firm has a market capitalization of $12.95 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.10 and a beta of 1.45.

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

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a $0.26 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. This represents a $1.04 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio is currently 7.14%.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director directly owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares of the company’s stock, 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. 1.37% of the stock is currently owned by company insiders.

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.