Kingsview Wealth Management LLC Decreases Stake in Toll Brothers Inc. $TOL

Key Points

• Kingsview Wealth Management reduced its Toll Brothers stake by 11.6% in the fourth quarter, selling 9,003 shares and leaving it with 68,848 shares valued at about $9.31 million.
• Toll Brothers beat earnings and revenue expectations in its latest quarter, reporting EPS of $2.72 versus $2.58 expected and revenue of $2.53 billion versus $2.42 billion expected, though revenue still fell 7.6% year over year.
• Analyst sentiment remains mixed, with a consensus rating of “Moderate Buy” and an average price target of $163.81, despite recent rating and target changes from several firms.

Kingsview Wealth Management LLC cut its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,848 shares of the construction company's stock after selling 9,003 shares during the period. Kingsview Wealth Management LLC owned 0.07% of Toll Brothers worth $9,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new position in shares of Toll Brothers in the second quarter worth $705,000. Brown Advisory Inc. grew its holdings in shares of Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company's stock valued at $481,000 after buying an additional 186 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company's stock valued at $708,000 after acquiring an additional 340 shares during the period. Sei Investments Co. raised its stake in Toll Brothers by 164.9% in the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company's stock worth $4,400,000 after acquiring an additional 24,001 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Toll Brothers by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company's stock worth $5,274,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the sale, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TOL shares. Seaport Research Partners reiterated a "neutral" rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Truist Financial decreased their target price on Toll Brothers from $170.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Weiss Ratings lowered Toll Brothers from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods increased their price target on shares of Toll Brothers from $143.00 to $170.00 and gave the stock a "market perform" rating in a report on Wednesday, February 25th. Finally, Barclays reduced their price target on shares of Toll Brothers from $116.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.81.

Toll Brothers Stock Performance

NYSE TOL opened at $137.95 on Friday. The stock has a 50-day simple moving average of $137.76 and a two-hundred day simple moving average of $141.76. The firm has a market capitalization of $13.06 billion, a P/E ratio of 10.43, a PEG ratio of 1.16 and a beta of 1.39. Toll Brothers Inc. has a fifty-two week low of $100.92 and a fifty-two week high of $168.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate 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 was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. On average, equities analysts forecast that Toll Brothers Inc. will post 12.7 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a $0.26 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.04 annualized dividend and a yield of 0.8%. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. Toll Brothers's payout ratio is currently 7.87%.

About Toll Brothers

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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