Orion Porfolio Solutions LLC Acquires 9,042 Shares of Toll Brothers Inc. $TOL

Orion Porfolio Solutions LLC raised its holdings in Toll Brothers Inc. (NYSE:TOL) by 120.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,540 shares of the construction company’s stock after buying an additional 9,042 shares during the period. Orion Porfolio Solutions LLC’s holdings in Toll Brothers were worth $2,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new stake in shares of Toll Brothers in the second quarter valued at about $705,000. Envestnet Asset Management Inc. raised its holdings in Toll Brothers by 4.8% during the second quarter. Envestnet Asset Management Inc. now owns 51,934 shares of the construction company’s stock worth $5,927,000 after acquiring an additional 2,398 shares in the last quarter. Atria Investments Inc acquired a new position in Toll Brothers during the second quarter valued at approximately $332,000. Bank of Montreal Can boosted its position in Toll Brothers by 5.0% during the second quarter. Bank of Montreal Can now owns 32,353 shares of the construction company’s stock valued at $3,692,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in Toll Brothers by 20.7% in the second quarter. Penserra Capital Management LLC now owns 5,178 shares of the construction company’s stock valued at $590,000 after purchasing an additional 887 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares in the company, valued at approximately $51,535,887.52. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by corporate insiders.

Toll Brothers Stock Performance

TOL opened at $145.71 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $168.36. The business has a 50 day moving average of $149.81 and a 200-day moving average of $141.64. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 1.15 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $1.75 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is currently 7.14%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TOL shares. Royal Bank Of Canada boosted their price target on Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.25.

Toll Brothers Company 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.