LGT Financial Advisors LLC Boosts Stake in Toll Brothers, Inc. (NYSE:TOL)

LGT Financial Advisors LLC lifted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 193.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 469 shares of the construction company’s stock after purchasing an additional 309 shares during the quarter. LGT Financial Advisors LLC’s holdings in Toll Brothers were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. purchased a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $268,000. Natixis Advisors L.P. raised its position in Toll Brothers by 3.8% in the fourth quarter. Natixis Advisors L.P. now owns 13,935 shares of the construction company’s stock valued at $1,432,000 after purchasing an additional 506 shares during the period. National Bank of Canada FI lifted its stake in Toll Brothers by 0.5% during the fourth quarter. National Bank of Canada FI now owns 41,463 shares of the construction company’s stock worth $4,177,000 after purchasing an additional 221 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Toll Brothers by 107.0% during the fourth quarter. Private Advisor Group LLC now owns 17,636 shares of the construction company’s stock worth $1,813,000 after buying an additional 9,115 shares during the period. Finally, Lebenthal Global Advisors LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $272,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Argus lifted their target price on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Evercore ISI upped their price target on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $144.67.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $137.79 on Friday. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $149.77. The firm has a market capitalization of $14.14 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company’s fifty day moving average price is $130.06 and its 200 day moving average price is $123.72.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.73 EPS. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 13.39 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, July 5th. Toll Brothers’s payout ratio is currently 6.28%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s 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 sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,257 shares of company stock worth $18,552,950. 1.54% of the stock is owned by company insiders.

Toll Brothers Company 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.