Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes $677,000 Position in Toll Brothers Inc. $TOL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Toll Brothers Inc. (NYSE:TOL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,961 shares of the construction company’s stock, valued at approximately $677,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TOL. Principal Financial Group Inc. grew its holdings in Toll Brothers by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 211,432 shares of the construction company’s stock worth $28,854,000 after acquiring an additional 4,153 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Toll Brothers by 42.1% in the first quarter. Chicago Partners Investment Group LLC now owns 5,842 shares of the construction company’s stock worth $865,000 after acquiring an additional 1,732 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Toll Brothers in the first quarter worth about $67,000. Diversify Wealth Management LLC raised its stake in shares of Toll Brothers by 105.2% in the first quarter. Diversify Wealth Management LLC now owns 2,860 shares of the construction company’s stock worth $399,000 after acquiring an additional 1,466 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Toll Brothers by 2,672.4% during the first quarter. Fifth Third Bancorp now owns 28,362 shares of the construction company’s stock worth $3,871,000 after purchasing an additional 27,339 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Up 1.6%

Shares of NYSE TOL opened at $155.72 on Friday. The company’s fifty day moving average is $145.31 and its 200-day moving average is $145.18. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.27 and a beta of 1.34. Toll Brothers Inc. has a twelve month low of $115.50 and a twelve month high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business earned $3.50 EPS. Toll Brothers’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research 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. Investors of record on Friday, July 10th will be issued 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 is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays increased their price objective on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a research report on Tuesday. Weiss Ratings downgraded Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Benchmark assumed coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Truist Financial decreased their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Citigroup upgraded Toll Brothers from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $146.00 to $176.00 in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.88.

Insider Buying and Selling at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.37% of the company’s stock.

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.