Atria Wealth Solutions Inc. Invests $268,000 in Toll Brothers, Inc. (NYSE:TOL)

Atria Wealth Solutions Inc. acquired a new position in Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,606 shares of the construction company’s stock, valued at approximately $268,000.

Several other institutional investors also recently bought and sold shares of TOL. AQR Capital Management LLC boosted its stake in shares of Toll Brothers by 6.0% in the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock worth $182,484,000 after acquiring an additional 139,004 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Toll Brothers by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock worth $209,853,000 after buying an additional 225,354 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Toll Brothers by 0.7% during the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock worth $132,016,000 after buying an additional 12,520 shares in the last quarter. Invesco Ltd. raised its position in shares of Toll Brothers by 105.7% in the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock valued at $111,216,000 after buying an additional 772,849 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Toll Brothers by 26.9% in the third quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after buying an additional 316,100 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, 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 accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,500 shares of company stock worth $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Oppenheimer increased their price target on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Barclays boosted their price objective on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. The Goldman Sachs Group raised their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research note on Thursday, February 22nd. Finally, Citigroup boosted their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Stock Performance

NYSE:TOL opened at $124.03 on Thursday. The stock has a market capitalization of $12.92 billion, a P/E ratio of 9.59, a PEG ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. Toll Brothers, Inc. has a fifty-two week low of $63.34 and a fifty-two week high of $130.63. The company has a 50 day moving average price of $121.21 and a 200 day moving average price of $103.60.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data 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. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. Equities research analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

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.