Kingsview Wealth Management LLC Has $8.86 Million Holdings in Toll Brothers Inc. (NYSE:TOL)

Kingsview Wealth Management LLC increased its stake in Toll Brothers Inc. (NYSE:TOL) by 1,536.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,871 shares of the construction company’s stock after purchasing an additional 78,746 shares during the period. Kingsview Wealth Management LLC owned approximately 0.08% of Toll Brothers worth $8,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in shares of Toll Brothers by 149.5% in the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock valued at $102,907,000 after purchasing an additional 583,940 shares during the period. Larson Financial Group LLC increased its stake in Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares during the last quarter. Trail Ridge Investment Advisors LLC grew its stake in shares of Toll Brothers by 0.5% during the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after buying an additional 132 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Toll Brothers by 22.7% during the first quarter. Signaturefd LLC now owns 1,130 shares of the construction company’s stock worth $119,000 after purchasing an additional 209 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Toll Brothers in the first quarter valued at $452,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the sale, the chief accounting officer owned 2,439 shares of the company’s stock, valued at approximately $292,680. This represents a 17.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,770 shares of company stock valued at $440,586. 1.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TOL. UBS Group reissued a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 20th. Oppenheimer decreased their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Wedbush restated an “outperform” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.85.

Toll Brothers Stock Up 0.7%

TOL stock opened at $117.59 on Friday. The firm has a 50 day moving average of $110.44 and a 200 day moving average of $112.45. The stock has a market capitalization of $11.55 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 EPS. Sell-side analysts forecast 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 will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Toll Brothers’s payout ratio is 7.42%.

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.