Kingsview Wealth Management LLC Acquires Shares of 7,218 Toll Brothers Inc. $TOL

Kingsview Wealth Management LLC bought a new stake in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,218 shares of the construction company’s stock, valued at approximately $1,189,000.

Several other institutional investors also recently modified their holdings of the business. Hilton Head Capital Partners LLC grew its holdings in Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the period. Wiser Advisor Group LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers during the 4th quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in Toll Brothers during the 3rd quarter valued at approximately $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Toll Brothers in the second quarter worth $35,000. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays increased their target price on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Argus set a $170.00 price objective on shares of Toll Brothers in a research note on Tuesday, June 2nd. UBS Group lifted their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Finally, Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Fifteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $167.27.

Toll Brothers Stock Performance

TOL stock opened at $146.33 on Friday. The company has a market cap of $13.68 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The stock’s fifty day moving average price is $151.46 and its 200-day moving average price is $146.38.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period last year, the firm posted $3.73 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Insiders Place Their Bets

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

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.