Corient Private Wealth LP Makes New Investment in Toll Brothers Inc. $TOL

Corient Private Wealth LP purchased a new position in Toll Brothers Inc. (NYSE:TOL) in the second quarter, HoldingsChannel.com reports. The firm purchased 63,030 shares of the construction company’s stock, valued at approximately $10,384,000.

Several other large investors also recently bought and sold shares of TOL. Ceredex Value Advisors LLC purchased a new position in shares of Toll Brothers in the second quarter valued at $37,012,000. Thrivent Financial for Lutherans grew its holdings in Toll Brothers by 52.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock valued at $6,105,000 after purchasing an additional 15,526 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in Toll Brothers during the 2nd quarter worth $862,000. Mariner Investment Group LLC purchased a new stake in Toll Brothers during the 2nd quarter worth $1,648,000. Finally, Investment House LLC lifted its holdings in Toll Brothers by 103.2% in the 4th quarter. Investment House LLC now owns 33,849 shares of the construction company’s stock worth $4,577,000 after buying an additional 17,193 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TOL shares. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Citigroup lifted their target price on Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a research note on Thursday, June 11th. Truist Financial increased their price target on Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Argus set a $170.00 price objective on Toll Brothers in a research note on Tuesday, June 2nd. Fifteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $167.27.

Toll Brothers Stock Up 0.8%

Shares of NYSE:TOL opened at $146.33 on Friday. The firm has a market cap of $13.68 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a fifty day simple moving average of $151.46 and a 200 day simple moving average of $146.38. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 12-month low of $123.14 and a 12-month high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.73 EPS. On average, equities research analysts anticipate that Toll Brothers Inc. will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio is 8.35%.

Insider Transactions at Toll Brothers

In related news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer directly owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares of the company’s stock, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.

About Toll Brothers

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.