2,273 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,273 shares of the construction company’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOL. Capital Insight Partners LLC grew its position in Toll Brothers by 37.1% in the first quarter. Capital Insight Partners LLC now owns 13,996 shares of the construction company’s stock worth $1,811,000 after buying an additional 3,790 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of Toll Brothers in the 1st quarter worth $26,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Toll Brothers by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 308,236 shares of the construction company’s stock worth $39,876,000 after purchasing an additional 2,729 shares during the period. Brookstone Capital Management purchased a new stake in shares of Toll Brothers during the first quarter valued at $224,000. Finally, Atlas Capital Advisors LLC boosted its position in shares of Toll Brothers by 7.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 7,919 shares of the construction company’s stock valued at $1,024,000 after purchasing an additional 524 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,670 shares of company stock valued at $2,586,315. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Wedbush reissued a “neutral” rating and set a $105.00 target price on shares of Toll Brothers in a research note on Wednesday, May 22nd. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Finally, UBS Group increased their price objective on Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.

Toll Brothers Stock Performance

TOL stock opened at $115.18 on Monday. The firm has a 50 day moving average of $121.22 and a two-hundred day moving average of $113.93. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $135.37. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.94 and a beta of 1.67. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released 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). The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.85 EPS. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

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.