HighTower Advisors LLC Increases Holdings in Toll Brothers Inc. $TOL

HighTower Advisors LLC grew its stake in Toll Brothers Inc. (NYSE:TOL) by 35.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 44,251 shares of the construction company’s stock after purchasing an additional 11,624 shares during the period. HighTower Advisors LLC’s holdings in Toll Brothers were worth $6,113,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Lyell Wealth Management LP increased its holdings in shares of Toll Brothers by 18.6% in the 3rd quarter. Lyell Wealth Management LP now owns 91,497 shares of the construction company’s stock valued at $12,639,000 after acquiring an additional 14,319 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in Toll Brothers during the 3rd quarter worth $26,833,000. Abich Financial Wealth Management LLC acquired a new position in Toll Brothers in the third quarter valued at $28,000. Assetmark Inc. raised its holdings in shares of Toll Brothers by 1.3% in the third quarter. Assetmark Inc. now owns 188,817 shares of the construction company’s stock valued at $26,083,000 after buying an additional 2,371 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of Toll Brothers by 4.9% during the third quarter. Wedbush Securities Inc. now owns 2,160 shares of the construction company’s stock worth $298,000 after buying an additional 101 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TOL shares. Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Citigroup initiated coverage on Toll Brothers in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Citizens Jmp reissued a “market outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday, February 18th. BTIG Research began coverage on Toll Brothers in a report on Monday, December 1st. They set a “neutral” rating for the company. Finally, UBS Group lifted their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $160.40.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $158.42 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $168.36. The firm has a market capitalization of $15.01 billion, a P/E ratio of 11.32, a PEG ratio of 1.27 and a beta of 1.47. The company’s fifty day moving average is $146.68 and its two-hundred day moving average is $139.91.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm 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 firm earned $1.75 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. Analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.6%. Toll Brothers’s dividend payout ratio is 7.14%.

Toll Brothers Company Profile

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.