Corient Private Wealth LLC Acquires 4,556 Shares of Toll Brothers Inc. $TOL

Corient Private Wealth LLC grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 97.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,246 shares of the construction company’s stock after acquiring an additional 4,556 shares during the quarter. Corient Private Wealth LLC’s holdings in Toll Brothers were worth $1,251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TOL. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new position in shares of Toll Brothers in the 4th quarter valued at $27,000. Ramirez Asset Management Inc. bought a new position in shares of Toll Brothers in the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter valued at $34,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOL. Truist Financial dropped their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada restated an “outperform” rating and set a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Benchmark started coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $163.56.

Insider Transactions at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 23,457 shares in the company, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen F. East sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 86,457 shares of company stock valued at $13,468,657 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

Shares of TOL opened at $157.48 on Thursday. Toll Brothers Inc. has a 12 month low of $113.52 and a 12 month high of $168.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $143.44 and its two-hundred day simple moving average is $144.18. The stock has a market capitalization of $14.72 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The business had revenue of $2.53 billion during 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 firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 earnings per share. As a group, analysts predict that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio is 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.