Atria Wealth Solutions Inc. Reduces Stock Position in Toll Brothers Inc. (NYSE:TOL)

Atria Wealth Solutions Inc. lowered its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 56.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,485 shares of the construction company's stock after selling 4,465 shares during the period. Atria Wealth Solutions Inc.'s holdings in Toll Brothers were worth $368,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TOL. Greenhaven Associates Inc. lifted its stake in shares of Toll Brothers by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock worth $587,353,000 after acquiring an additional 26,079 shares during the period. AQR Capital Management LLC lifted its stake in shares of Toll Brothers by 24.6% in the fourth quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after acquiring an additional 239,917 shares during the period. Balyasny Asset Management L.P. lifted its stake in Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after buying an additional 1,110,192 shares during the period. Victory Capital Management Inc. lifted its stake in Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock valued at $102,907,000 after buying an additional 583,940 shares during the period. Finally, First Trust Advisors LP lifted its stake in Toll Brothers by 29.9% in the fourth quarter. First Trust Advisors LP now owns 962,528 shares of the construction company's stock valued at $121,230,000 after buying an additional 221,543 shares during the period. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TOL. Oppenheimer lowered their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Wedbush lowered their target price on Toll Brothers from $175.00 to $165.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their target price on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company upped their target price on Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $141.46.

Toll Brothers Stock Performance

NYSE:TOL traded down $0.47 on Friday, hitting $130.54. The stock had a trading volume of 1,542,174 shares, compared to its average volume of 1,388,403. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $111.38. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $3.38 earnings per share. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is currently 7.42%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer owned 2,439 shares of the company's stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock worth $440,586 in the last quarter. 1.54% of the stock is owned by corporate 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.