Beacon Pointe Advisors LLC Buys New Position in Toll Brothers Inc. $TOL

Beacon Pointe Advisors LLC bought a new position in Toll Brothers Inc. (NYSE:TOL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,481 shares of the construction company's stock, valued at approximately $1,397,000.

A number of other hedge funds have also bought and sold shares of the business. Hilton Head Capital Partners LLC lifted its position in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock valued at $26,000 after buying an additional 74 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Toll Brothers during the 3rd quarter valued at $27,000. Pinnacle Holdings LLC bought a new stake in shares of Toll Brothers during the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers during the 3rd quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Toll Brothers during the 2nd quarter worth about $35,000. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the subject of several analyst reports. BTIG Research started coverage on Toll Brothers in a report on Tuesday, June 9th. They set a "buy" rating for the company. Barclays upped their price target on Toll Brothers from $115.00 to $122.00 and gave the company an "underweight" rating in a research report on Tuesday, July 14th. Evercore restated an "outperform" rating and issued a $191.00 price objective on shares of Toll Brothers in a research report on Thursday, August 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. Finally, Oppenheimer cut shares of Toll Brothers from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 9th. Fifteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $167.27.

Insider Transactions at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the transaction, the chief operating officer directly owned 23,457 shares of the company's stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares of the company's stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

Toll Brothers stock opened at $146.33 on Monday. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The stock has a market cap of $13.68 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The firm's fifty day moving average price is $151.46 and its 200-day moving average price is $146.34.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm's quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.73 earnings per share. On average, equities research analysts expect that Toll Brothers Inc. will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers's dividend payout ratio is presently 8.35%.

Toll Brothers Company 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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