Belpointe Asset Management LLC Has $498,000 Holdings in Toll Brothers Inc. $TOL

Belpointe Asset Management LLC raised its position in shares of Toll Brothers Inc. (NYSE:TOL) by 19.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,716 shares of the construction company’s stock after purchasing an additional 759 shares during the quarter. Belpointe Asset Management LLC’s holdings in Toll Brothers were worth $498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TOL. Long Pond Capital LP acquired a new stake in Toll Brothers during the 1st quarter valued at approximately $117,870,000. Victory Capital Management Inc. grew 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 worth $102,907,000 after buying an additional 583,940 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Toll Brothers by 21.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after acquiring an additional 375,372 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Toll Brothers in the 1st quarter valued at $28,720,000. Finally, Amundi increased its stake in shares of Toll Brothers by 429.1% in the 1st quarter. Amundi now owns 316,888 shares of the construction company’s stock valued at $31,179,000 after acquiring an additional 256,996 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TOL. Keefe, Bruyette & Woods lifted their price objective on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Argus lifted their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $149.07.

Insider Activity

In other Toll Brothers news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer directly owned 19,692 shares of the company’s stock, valued at $2,576,501.28. The trade was a 33.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the transaction, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,413 shares of company stock worth $5,746,216. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $143.48 on Friday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The company has a market cap of $13.83 billion, a P/E ratio of 10.54, a PEG ratio of 0.97 and a beta of 1.33. The company has a fifty day simple moving average of $129.56 and a 200 day simple moving average of $113.59. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.60 EPS. Sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s payout ratio is currently 7.35%.

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.