Corient Private Wealth LLC Grows Position in Toll Brothers Inc. $TOL

Corient Private Wealth LLC grew its position in shares of Toll Brothers Inc. (NYSE:TOL) by 97.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,246 shares of the construction company’s stock after purchasing an additional 4,556 shares during the quarter. Corient Private Wealth LLC’s holdings in Toll Brothers were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Sivia Capital Partners LLC bought a new stake in Toll Brothers in the 2nd quarter worth about $705,000. Brown Advisory Inc. boosted its position in Toll Brothers by 4.6% in the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after purchasing an additional 186 shares during the last quarter. NewEdge Advisors LLC grew its stake in Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after purchasing an additional 340 shares during the period. Sei Investments Co. grew its stake in Toll Brothers by 164.9% in the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after purchasing an additional 24,001 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of Toll Brothers by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock valued at $5,274,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TOL shares. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Benchmark initiated coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating on the stock. Oppenheimer downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Finally, Citigroup assumed coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Price Performance

TOL opened at $157.48 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $143.44 and its 200 day simple moving average is $144.18. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.36 and a beta of 1.34. Toll Brothers Inc. has a 1 year low of $113.52 and a 1 year high of $168.36.

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

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.26 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director owned 13,442 shares of the company’s stock, valued at $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the sale, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 86,457 shares of company stock worth $13,468,657. 1.37% of the stock is currently owned by insiders.

Toll Brothers 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.