Kingswood Wealth Advisors LLC Increases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Kingswood Wealth Advisors LLC grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,622 shares of the construction company’s stock after buying an additional 867 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Toll Brothers were worth $475,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Baker Avenue Asset Management LP lifted its position in shares of Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares in the last quarter. Nilsine Partners LLC boosted its stake in Toll Brothers by 0.8% in the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock worth $1,297,000 after purchasing an additional 146 shares during the period. Fifth Third Bancorp grew its holdings in Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after buying an additional 156 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in Toll Brothers by 4.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock valued at $302,000 after buying an additional 161 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of Toll Brothers by 43.3% during the second quarter. 1832 Asset Management L.P. now owns 536 shares of the construction company’s stock valued at $42,000 after buying an additional 162 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $41,167,500.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul E. Shapiro sold 10,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $99.70, for a total transaction of $997,000.00. Following the sale, the director now owns 119,704 shares in the company, valued at $11,934,488.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $8,699,950 over the last quarter. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research reports. UBS Group increased their target price on Toll Brothers from $96.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Oppenheimer raised their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. raised their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price for the company in a report on Monday, January 8th. Finally, Raymond James raised their target price on shares of Toll Brothers from $110.00 to $120.00 and gave the company a “strong-buy” rating in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.27.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $127.40 on Thursday. The firm has a market cap of $13.27 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.06 and a beta of 1.65. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 12 month low of $57.09 and a 12 month high of $128.10. The stock’s fifty day moving average price is $110.02 and its 200-day moving average price is $93.71.

Toll Brothers (NYSE:TOL) last posted its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.73 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is 6.49%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.