Proficio Capital Partners LLC Buys New Stake in Toll Brothers Inc. $TOL

Key Points

• Proficio Capital Partners purchased 10,182 Toll Brothers shares worth approximately $1.68 million in the second quarter. Institutional investors collectively own 91.76% of the homebuilder’s stock.
• Toll Brothers exceeded quarterly expectations with $2.97 earnings per share and $2.66 billion in revenue, though revenue declined 9.7% year over year and earnings fell from $3.73 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $166.67 versus the stock’s reported price of $148.32. The company also pays a quarterly dividend of $0.26 per share.

Proficio Capital Partners LLC purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,182 shares of the construction company's stock, valued at approximately $1,677,000.

Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in Toll Brothers by 52.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company's stock valued at $6,105,000 after acquiring an additional 15,526 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Toll Brothers in the 2nd quarter worth about $37,012,000. Meeder Advisory Services Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at about $862,000. Mariner Investment Group LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at about $1,648,000. Finally, Summit Place Financial Advisors LLC lifted its position in shares of Toll Brothers by 89.1% during the fourth quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company's stock worth $1,743,000 after purchasing an additional 6,075 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business's stock in a transaction 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 transaction, the chairman owned 321,256 shares of the company's stock, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the 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 of the company's stock, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company's stock.

Toll Brothers Trading Down 1.7%

Toll Brothers stock opened at $148.32 on Thursday. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.35. 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 firm's 50 day moving average price is $151.86 and its two-hundred day moving average price is $146.43.

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

Toll Brothers Announces Dividend

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

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research reports. Argus set a $170.00 price target on Toll Brothers in a research note on Tuesday, June 2nd. Truist Financial increased their target price on Toll Brothers from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Weiss Ratings upgraded Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Benchmark assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a "buy" rating for the company. Finally, Keefe, Bruyette & Woods upgraded Toll Brothers from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. Fifteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.67.

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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