Compass Wealth Management LLC increased its holdings in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 528.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,972 shares of the construction company’s stock after purchasing an additional 15,952 shares during the quarter. Compass Wealth Management LLC’s holdings in Toll Brothers were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Kaufman Rossin Wealth LLC raised its position in Toll Brothers by 2.3% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,859 shares of the construction company’s stock worth $533,000 after buying an additional 86 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Toll Brothers by 6.5% during the second quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock valued at $169,000 after purchasing an additional 90 shares during the last quarter. Applied Finance Capital Management LLC raised its holdings in shares of Toll Brothers by 4.0% during the second quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company’s stock valued at $294,000 after purchasing an additional 100 shares during the last quarter. HM Payson & Co. lifted its position in Toll Brothers by 6.0% during the third quarter. HM Payson & Co. now owns 1,760 shares of the construction company’s stock valued at $243,000 after purchasing an additional 100 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in Toll Brothers by 4.5% in the second quarter. Fidelis Capital Partners LLC now owns 2,502 shares of the construction company’s stock worth $315,000 after purchasing an additional 107 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Toll Brothers
In related news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.54% of the stock is currently owned by insiders.
Toll Brothers Stock Performance
Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.63 earnings per share. Analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.
Toll Brothers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio is presently 7.37%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on TOL shares. Barclays lifted their target price on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 10th. BTIG Research began coverage on Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating for the company. Zacks Research downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. UBS Group cut their price target on Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.40.
Read Our Latest Stock Analysis on Toll Brothers
Toll Brothers 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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