Ascentis Wealth Management LLC Raises Stock Position in Toll Brothers Inc. $TOL

Key Points

• Ascentis Wealth Management sharply increased its Toll Brothers position by 16,397.7% in the second quarter, owning 539,641 shares valued at approximately $88.9 million. Institutional investors collectively hold 91.76% of the company.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $164.88; Citigroup raised its target to $176 and upgraded the stock to “buy.”
• Toll Brothers beat quarterly earnings and revenue expectations, reporting $2.72 in EPS and $2.53 billion in revenue, though revenue declined 7.6% year over year. The company also maintains a quarterly dividend of $0.26 per share, yielding about 0.7%.

Ascentis Wealth Management LLC increased its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 16,397.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,641 shares of the construction company's stock after acquiring an additional 536,370 shares during the quarter. Ascentis Wealth Management LLC owned about 0.58% of Toll Brothers worth $88,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TOL. Sivia Capital Partners LLC acquired a new position in shares of Toll Brothers during the second quarter worth $705,000. Brown Advisory Inc. boosted its position in shares of Toll Brothers by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company's stock worth $481,000 after purchasing an additional 186 shares in the last quarter. NewEdge Advisors LLC grew its stake in Toll Brothers by 5.8% during the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company's stock worth $708,000 after buying an additional 340 shares during the last quarter. Sei Investments Co. grew its stake in Toll Brothers by 164.9% during the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company's stock worth $4,400,000 after buying an additional 24,001 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in 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 buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Citigroup upgraded Toll Brothers from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $146.00 to $176.00 in a research note on Friday, July 10th. BTIG Research started coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a "buy" rating for the company. Benchmark assumed coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.88.

Toll Brothers Stock Up 0.4%

Toll Brothers stock opened at $149.09 on Friday. The business's 50-day simple moving average is $151.48 and its two-hundred day simple moving average is $146.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The company has a market cap of $13.94 billion, a PE ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. Equities analysts anticipate that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers's dividend payout ratio (DPR) is currently 7.87%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Robert Parahus sold 7,500 shares of the company's 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 directly owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company's stock.

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.

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