Atria Wealth Solutions Inc. Invests $268,000 in Toll Brothers, Inc. (NYSE:TOL)

Atria Wealth Solutions Inc. bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,606 shares of the construction company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TOL. Voss Capital LLC purchased a new position in shares of Toll Brothers in the 4th quarter worth $8,223,000. Jennison Associates LLC raised its holdings in shares of Toll Brothers by 41.2% in the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after purchasing an additional 243,553 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Toll Brothers by 87.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock valued at $2,687,000 after purchasing an additional 16,993 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Toll Brothers by 11.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after purchasing an additional 54,384 shares during the period. Finally, Natixis Advisors L.P. increased its position in Toll Brothers by 21.6% during the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after purchasing an additional 2,386 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $124.03 on Thursday. Toll Brothers, Inc. has a 52-week low of $63.34 and a 52-week high of $130.63. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.03 and a beta of 1.67. The business’s 50 day moving average is $121.21 and its two-hundred day moving average is $103.60.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share. Analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.23 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,500 shares of company stock worth $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TOL. JPMorgan Chase & Co. lifted their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group boosted their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research note on Thursday, February 22nd. Citigroup increased their target price on Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Oppenheimer boosted their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers 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.