Toll Brothers Inc. $TOL Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 7.3% in the 4th quarter, Holdings Channel reports. The fund owned 79,496 shares of the construction company’s stock after acquiring an additional 5,405 shares during the quarter. Moran Wealth Management LLC’s holdings in Toll Brothers were worth $10,749,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Capital World Investors boosted its holdings in shares of Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after purchasing an additional 1,763,211 shares during the last quarter. Holocene Advisors LP grew its position in shares of Toll Brothers by 78.0% in the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after purchasing an additional 974,567 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Toll Brothers by 209.8% in the third quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock valued at $126,700,000 after purchasing an additional 621,117 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Toll Brothers by 663.2% in the third quarter. Two Sigma Investments LP now owns 290,374 shares of the construction company’s stock valued at $40,112,000 after purchasing an additional 252,329 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Toll Brothers during the third quarter worth approximately $33,811,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Up 5.5%

Shares of Toll Brothers stock opened at $146.54 on Friday. The stock has a 50 day moving average of $146.32 and a 200 day moving average of $141.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.09 and a beta of 1.49. Toll Brothers Inc. has a fifty-two week low of $90.78 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL) last posted its 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 company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued 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 0.7%. Toll Brothers’s payout ratio is presently 7.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TOL shares. Royal Bank Of Canada boosted their price objective on Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Wells Fargo & Company lifted their price target on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Evercore raised shares of Toll Brothers from an “in-line” rating to an “outperform” rating and set a $176.00 price objective for the company in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.44.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the sale, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. This trade represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the sale, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This represents a 6.92% 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 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.