Kestra Private Wealth Services LLC Makes New $324,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Kestra Private Wealth Services LLC bought a new stake in Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,152 shares of the construction company’s stock, valued at approximately $324,000.

Several other institutional investors also recently modified their holdings of TOL. SG Americas Securities LLC grew its holdings in Toll Brothers by 82.1% during the 3rd quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock worth $201,000 after acquiring an additional 1,228 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Toll Brothers by 4.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 40,802 shares of the construction company’s stock worth $3,018,000 after purchasing an additional 1,780 shares during the last quarter. Raymond James & Associates grew its stake in shares of Toll Brothers by 15.0% during the third quarter. Raymond James & Associates now owns 103,594 shares of the construction company’s stock worth $7,662,000 after purchasing an additional 13,519 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Toll Brothers by 117.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 59,829 shares of the construction company’s stock valued at $4,425,000 after purchasing an additional 32,314 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in Toll Brothers by 53.6% in the third quarter. Brown Advisory Inc. now owns 5,117 shares of the construction company’s stock valued at $378,000 after buying an additional 1,786 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $126.43 on Wednesday. The company has a 50 day moving average of $120.97 and a 200-day moving average of $103.46. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.17 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a twelve month low of $63.00 and a twelve month high of $130.63.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is presently 7.11%.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group increased their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Wedbush reissued a “neutral” rating and issued a $87.00 price target on shares of Toll Brothers in a report on Wednesday, February 21st. Oppenheimer raised their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Barclays lifted their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock valued at $7,881,930. Insiders own 1.54% of the company’s stock.

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.