Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in Toll Brothers, Inc. (NYSE:TOL) by 30.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,889 shares of the construction company’s stock after purchasing an additional 673 shares during the period. Orion Portfolio Solutions LLC’s holdings in Toll Brothers were worth $446,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TOL. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the third quarter valued at $27,000. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on TOL. Oppenheimer reissued an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a report on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI upped their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy 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 $152.53.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,837 shares of company stock valued at $13,124,245. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $125.72 on Thursday. The business’s 50 day moving average price is $151.88 and its 200 day moving average price is $139.51. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers, Inc. has a one year low of $95.46 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the firm earned $4.11 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, research analysts predict that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Toll Brothers’s dividend payout ratio is currently 6.12%.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.