Summit Place Financial Advisors LLC Purchases 6,075 Shares of Toll Brothers Inc. $TOL

Summit Place Financial Advisors LLC increased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 89.1% during the 4th quarter, Holdings Channel reports. The firm owned 12,890 shares of the construction company’s stock after acquiring an additional 6,075 shares during the period. Summit Place Financial Advisors LLC’s holdings in Toll Brothers were worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Merit Financial Group LLC raised its position in shares of Toll Brothers by 0.4% during the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after purchasing an additional 72 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in Toll Brothers by 0.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock valued at $3,633,000 after acquiring an additional 81 shares during the last quarter. US Bancorp DE increased its holdings in Toll Brothers by 1.5% in the 3rd quarter. US Bancorp DE now owns 6,110 shares of the construction company’s stock valued at $844,000 after acquiring an additional 88 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in Toll Brothers by 4.3% in the 4th quarter. Parcion Private Wealth LLC now owns 2,253 shares of the construction company’s stock valued at $305,000 after acquiring an additional 92 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Toll Brothers by 5.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,681 shares of the construction company’s stock valued at $233,000 after acquiring an additional 93 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Transactions at Toll Brothers

In related news, 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 completion of the transaction, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is currently owned by insiders.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $142.04 on Friday. Toll Brothers Inc. has a 52 week low of $99.12 and a 52 week high of $168.36. The stock has a market capitalization of $13.45 billion, a P/E ratio of 10.15, a PEG ratio of 1.09 and a beta of 1.49. The firm has a fifty day simple moving average of $143.48 and a two-hundred day simple moving average of $141.71. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last issued 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 business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the company posted $1.75 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, analysts expect that Toll Brothers Inc. will post 12.67 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is 7.43%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $180.00 price target (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. The Goldman Sachs Group lifted their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada lifted their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.44.

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.