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

Kingswood Wealth Advisors LLC trimmed its position in Toll Brothers, Inc. (NYSE:TOL) by 41.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,694 shares of the construction company’s stock after selling 1,928 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Toll Brothers were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers during the 1st quarter valued at $34,000. Rise Advisors LLC purchased a new position in shares of Toll Brothers in the first quarter valued at about $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Toll Brothers in the fourth quarter worth about $36,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Toll Brothers during the fourth quarter worth about $67,000. Finally, Baker Avenue Asset Management LP raised its stake in 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 purchasing an additional 127 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,670 shares of company stock worth $2,586,315. 1.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Toll Brothers from $115.00 to $118.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. Wells Fargo & Company boosted their price target on shares of Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Wedbush restated a “neutral” rating and set a $105.00 price objective on shares of Toll Brothers in a research report on Wednesday, May 22nd. Oppenheimer boosted their target price on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and raised their price target for the company from $112.00 to $124.00 in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $129.07.

Toll Brothers Price Performance

TOL stock opened at $115.18 on Friday. The stock has a market cap of $11.82 billion, a PE ratio of 7.87, a P/E/G ratio of 0.94 and a beta of 1.66. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $135.37. The company has a 50-day moving average price of $121.16 and a 200 day moving average price of $113.51. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $2.85 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.23 dividend. The ex-dividend date is Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. Toll Brothers’s payout ratio is 6.28%.

Toll Brothers Company Profile

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.