Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 20.2% in the 2nd quarter, Holdings Channel reports. The firm owned 7,472 shares of the construction company’s stock after purchasing an additional 1,257 shares during the period. MGO One Seven LLC’s holdings in Toll Brothers were worth $861,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TOL. Register Financial Advisors LLC acquired a new position in shares of Toll Brothers during the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers during the 2nd quarter worth about $29,000. Massmutual Trust Co. FSB ADV raised its holdings in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers in the 1st quarter valued at about $34,000. Finally, Rise Advisors LLC acquired a new stake in Toll Brothers in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $149.82 on Friday. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $150.30. The firm has a 50 day moving average of $134.13 and a two-hundred day moving average of $125.24. The stock has a market capitalization of $15.13 billion, a PE ratio of 10.23, a P/E/G ratio of 1.14 and a beta of 1.67. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business earned $3.73 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, research analysts predict that Toll Brothers, Inc. will post 13.31 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s payout ratio is 6.28%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays increased their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. UBS Group increased their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer increased their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Bank of America increased their price objective on shares of Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.67.

About Toll Brothers

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.