Evolve Private Wealth LLC Invests $4.50 Million in Toll Brothers Inc. $TOL

Evolve Private Wealth LLC bought a new stake in Toll Brothers Inc. (NYSE:TOL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,260 shares of the construction company’s stock, valued at approximately $4,497,000.

Other large investors also recently bought and sold shares of the company. Western Wealth Management LLC lifted its position in Toll Brothers by 2.6% during the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Toll Brothers by 0.4% in the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after acquiring an additional 72 shares during the last quarter. IFP Advisors Inc grew its position in Toll Brothers by 2.4% in the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after acquiring an additional 74 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in Toll Brothers by 0.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock worth $3,633,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TOL. Truist Financial lowered their price objective on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Finally, Benchmark initiated coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.56.

Insider Activity at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director directly owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

Toll Brothers Stock Down 2.2%

NYSE:TOL opened at $149.88 on Thursday. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36. Toll Brothers Inc. has a twelve month low of $104.09 and a twelve month high of $168.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $139.86 and a 200-day simple moving average of $142.78.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 earnings per share. Analysts anticipate that Toll Brothers Inc. will post 12.68 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio is currently 7.87%.

Toll Brothers Profile

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.