Kingswood Wealth Advisors LLC Increases Position in Toll Brothers, Inc. (NYSE:TOL)

Kingswood Wealth Advisors LLC lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 80.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,852 shares of the construction company’s stock after buying an additional 2,158 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Toll Brothers were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TOL. J.Safra Asset Management Corp increased its position in shares of Toll Brothers by 28.9% during the first quarter. J.Safra Asset Management Corp now owns 419 shares of the construction company’s stock worth $54,000 after acquiring an additional 94 shares during the period. Venturi Wealth Management LLC increased its holdings in Toll Brothers by 35.7% during the 1st quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after purchasing an additional 105 shares during the period. GAMMA Investing LLC increased its holdings in Toll Brothers by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock worth $113,000 after purchasing an additional 106 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Finally, Gratus Wealth Advisors LLC lifted its holdings in shares of Toll Brothers by 4.1% in the 1st quarter. Gratus Wealth Advisors LLC now owns 4,758 shares of the construction company’s stock worth $616,000 after buying an additional 188 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock valued at $2,407,335 in the last 90 days. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

NYSE TOL traded down $5.11 on Wednesday, hitting $124.08. 1,619,814 shares of the company’s stock traded hands, compared to its average volume of 1,397,491. The firm’s 50-day moving average price is $122.63 and its two-hundred day moving average price is $118.58. The firm has a market capitalization of $12.74 billion, a PE ratio of 8.48, a P/E/G ratio of 1.10 and a beta of 1.67. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $146.75.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 earnings per share. As a group, analysts expect that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.23 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.92 annualized dividend and a yield of 0.74%. Toll Brothers’s dividend payout ratio is presently 6.28%.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research reports. UBS Group raised their price target on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Raymond James restated a “strong-buy” rating and set a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Citigroup cut their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their target price for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

About Toll Brothers

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.