Atria Wealth Solutions Inc. Sells 4,465 Shares of Toll Brothers Inc. (NYSE:TOL)

Atria Wealth Solutions Inc. lessened its stake in shares of Toll Brothers Inc. (NYSE:TOL) by 56.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,485 shares of the construction company’s stock after selling 4,465 shares during the period. Atria Wealth Solutions Inc.’s holdings in Toll Brothers were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Greenhaven Associates Inc. boosted its holdings in shares of Toll Brothers by 0.5% during the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company’s stock valued at $587,353,000 after purchasing an additional 26,079 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock valued at $153,234,000 after buying an additional 239,917 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock valued at $140,400,000 after buying an additional 1,110,192 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock valued at $102,907,000 after buying an additional 583,940 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Toll Brothers by 29.9% during the 4th quarter. First Trust Advisors LP now owns 962,528 shares of the construction company’s stock valued at $121,230,000 after buying an additional 221,543 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TOL shares. Wells Fargo & Company upped their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Oppenheimer decreased their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, May 15th. UBS Group restated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Wedbush decreased their target price on shares of Toll Brothers from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.46.

Insider Transactions at Toll Brothers

In other news, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares of the company’s stock, valued at approximately $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen F. East sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the transaction, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,770 shares of company stock valued at $440,586. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Toll Brothers stock opened at $131.05 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The firm has a market capitalization of $12.87 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The company’s 50-day moving average is $117.88 and its 200 day moving average is $111.60.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $3.38 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

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.