Ritholtz Wealth Management Has $4.40 Million Position in Toll Brothers Inc. $TOL

Ritholtz Wealth Management raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 128.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 32,217 shares of the construction company’s stock after purchasing an additional 18,128 shares during the period. Ritholtz Wealth Management’s holdings in Toll Brothers were worth $4,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hilton Head Capital Partners LLC increased its stake 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 valued at $26,000 after acquiring an additional 74 shares during the period. Wiser Advisor Group LLC bought a new position in Toll Brothers during the third quarter worth about $27,000. Pinnacle Holdings LLC bought a new position in Toll Brothers during the fourth quarter worth about $27,000. Ramirez Asset Management Inc. acquired a new stake in Toll Brothers during the third quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $29,000. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

TOL has been the subject of a number of recent research reports. BTIG Research began coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Citigroup started coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued an “outperform” rating on the stock. Benchmark initiated coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods raised Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.56.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares in the company, valued at $1,877,847.40. The trade was a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value 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. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,457 shares of company stock worth $13,468,657. Corporate insiders own 1.37% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $162.19 on Friday. The business has a fifty day moving average of $141.88 and a 200-day moving average of $143.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. Toll Brothers Inc. has a twelve month low of $110.64 and a twelve month high of $168.36. The firm has a market cap of $15.16 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. On average, equities research analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio is presently 7.87%.

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.