Toll Brothers Inc. $TOL Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Toll Brothers Inc. (NYSE:TOLFree Report) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,873 shares of the construction company’s stock after buying an additional 7,939 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Toll Brothers worth $8,271,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in Toll Brothers in the 3rd quarter valued at about $44,000. FNY Investment Advisers LLC bought a new stake in Toll Brothers in the second quarter worth about $64,000. Global Retirement Partners LLC lifted its holdings in Toll Brothers by 1,112.8% in the 3rd quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock valued at $79,000 after acquiring an additional 523 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Toll Brothers by 201.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after purchasing an additional 585 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Toll Brothers by 1,882.2% in the 2nd quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock worth $102,000 after purchasing an additional 847 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers News Summary

Here are the key news stories impacting Toll Brothers this week:

Insider Activity

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Toll Brothers Stock Up 0.2%

Shares of TOL opened at $160.25 on Friday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $168.36. The firm has a market capitalization of $15.18 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a 50-day simple moving average of $145.86 and a 200-day simple moving average of $139.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.64 and a current ratio of 4.57.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $1.75 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities 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 declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were issued a $0.25 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.6%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.37%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TOL. Wells Fargo & Company lifted their price target on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group raised their price objective on Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $180.00 target price (up previously from $177.00) on shares of Toll Brothers in a research note on Thursday. BTIG Research initiated coverage on Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Finally, Barclays raised their price target on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $160.27.

Get Our Latest Analysis on TOL

Toll Brothers Company Profile

(Free Report)

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

Further Reading

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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