CreativeOne Wealth LLC Boosts Stock Position in Toll Brothers Inc. $TOL

Key Points

• CreativeOne Wealth LLC significantly increased its holdings in Toll Brothers Inc. by 95%, owning 10,812 shares worth approximately $1.14 million by the end of the recent reporting period.
• A variety of institutional investors have made notable adjustments to their positions in Toll Brothers, with Balyasny Asset Management increasing its stake by an extraordinary 24,475.1%.
• Recent research reports have upgraded Toll Brothers' stock ratings, with multiple firms setting new price targets, indicating a consensus of a Moderate Buy with an average price target of $147.85.

CreativeOne Wealth LLC lifted its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 95.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,812 shares of the construction company's stock after buying an additional 5,266 shares during the quarter. CreativeOne Wealth LLC's holdings in Toll Brothers were worth $1,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its holdings in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after buying an additional 112 shares during the period. Brooklyn Investment Group increased its holdings in shares of Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after acquiring an additional 177 shares during the period. Quarry LP grew its stake in Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after buying an additional 290 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after buying an additional 249 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Robert Parahus sold 9,831 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer owned 19,692 shares of the company's stock, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 770 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,601 shares of company stock worth $1,726,874 over the last ninety days. Insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $0.70 on Tuesday, hitting $138.30. The company's stock had a trading volume of 1,380,640 shares, compared to its average volume of 1,774,392. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm has a fifty day moving average price of $124.40 and a 200-day moving average price of $111.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.60 EPS. As a group, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio is 7.35%.

Analyst Ratings Changes

A number of analysts have commented on TOL shares. Seaport Res Ptn raised Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on Toll Brothers from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Wedbush reiterated an "outperform" rating and set a $165.00 price objective on shares of Toll Brothers in a research note on Tuesday, August 26th. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Evercore ISI reiterated an "outperform" rating and set a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.85.

Toll Brothers 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.