Transcend Capital Advisors LLC Buys New Stake in Toll Brothers, Inc. (NYSE:TOL)

Transcend Capital Advisors LLC bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the construction company’s stock, valued at approximately $206,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Opinicus Capital Inc. acquired a new stake in Toll Brothers in the 4th quarter valued at approximately $1,488,000. Bank OZK grew its stake in shares of Toll Brothers by 6.3% in the fourth quarter. Bank OZK now owns 11,934 shares of the construction company’s stock worth $1,227,000 after acquiring an additional 710 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Toll Brothers by 10.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 87,911 shares of the construction company’s stock worth $9,036,000 after acquiring an additional 8,044 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Toll Brothers in the fourth quarter worth $268,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Toll Brothers by 72.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,266 shares of the construction company’s stock worth $439,000 after acquiring an additional 1,791 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $119.15 on Wednesday. Toll Brothers, Inc. has a 1-year low of $61.70 and a 1-year high of $130.63. The stock has a market cap of $12.41 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. The firm has a fifty day moving average price of $119.65 and a 200 day moving average price of $101.59.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. Toll Brothers’s payout ratio is 7.11%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOL. Oppenheimer boosted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Barclays boosted their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Keefe, Bruyette & Woods boosted their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Finally, StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Insider Activity at Toll Brothers

In related news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction 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 transaction, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock valued at $7,881,930 over the last ninety days. 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.