Kestra Private Wealth Services LLC Purchases Shares of 3,152 Toll Brothers, Inc. (NYSE:TOL)

Kestra Private Wealth Services LLC acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,152 shares of the construction company’s stock, valued at approximately $324,000.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Toll Brothers by 6.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock valued at $182,484,000 after purchasing an additional 139,004 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Toll Brothers by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock valued at $209,853,000 after buying an additional 225,354 shares during the last quarter. Bamco Inc. NY grew its holdings in Toll Brothers by 0.7% during the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock worth $132,016,000 after buying an additional 12,520 shares in the last quarter. Invesco Ltd. raised its position in Toll Brothers by 105.7% in the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock valued at $111,216,000 after buying an additional 772,849 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Toll Brothers by 26.9% during the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after acquiring an additional 316,100 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of TOL opened at $126.43 on Wednesday. Toll Brothers, Inc. has a 52-week low of $63.00 and a 52-week high of $130.63. The stock’s 50-day simple moving average is $120.97 and its 200 day simple moving average is $103.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. Toll Brothers’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. Research analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is presently 7.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Oppenheimer increased their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group increased their price target on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research report on Thursday, February 22nd. Seaport Res Ptn cut Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,500 shares of company stock worth $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Company Profile

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.