Atria Wealth Solutions Inc. Boosts Stake in Toll Brothers, Inc. (NYSE:TOL)

Atria Wealth Solutions Inc. raised its holdings in Toll Brothers, Inc. (NYSE:TOL) by 66.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,950 shares of the construction company’s stock after acquiring an additional 3,164 shares during the period. Atria Wealth Solutions Inc.’s holdings in Toll Brothers were worth $1,001,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the last quarter. Nilsine Partners LLC raised its holdings in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after buying an additional 88 shares in the last quarter. Versant Capital Management Inc lifted its position in Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after buying an additional 92 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after buying an additional 109 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 in the last quarter. 1.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TOL shares. Citigroup decreased their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Barclays reduced their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada lowered their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.86.

Toll Brothers Stock Performance

Shares of TOL stock opened at $110.58 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $128.09 and a 200 day moving average of $141.38. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 52 week low of $108.86 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.33%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.