MGO One Seven LLC Sells 7,698 Shares of Toll Brothers Inc. $TOL

MGO One Seven LLC cut its position in Toll Brothers Inc. (NYSE:TOL) by 70.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,241 shares of the construction company’s stock after selling 7,698 shares during the quarter. MGO One Seven LLC’s holdings in Toll Brothers were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TOL. Thrivent Financial for Lutherans boosted its holdings in Toll Brothers by 52.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock worth $6,105,000 after acquiring an additional 15,526 shares in the last quarter. Summit Place Financial Advisors LLC increased its holdings in shares of Toll Brothers by 89.1% during the fourth quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company’s stock valued at $1,743,000 after acquiring an additional 6,075 shares in the last quarter. Investment House LLC increased its holdings in shares of Toll Brothers by 103.2% during the fourth quarter. Investment House LLC now owns 33,849 shares of the construction company’s stock valued at $4,577,000 after acquiring an additional 17,193 shares in the last quarter. Highland Capital Management LLC raised its position in shares of Toll Brothers by 56.1% during the fourth quarter. Highland Capital Management LLC now owns 49,470 shares of the construction company’s stock worth $6,689,000 after purchasing an additional 17,770 shares during the period. Finally, Milford Funds Ltd. acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $14,829,000. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares in the company, valued at $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. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $148.09 on Friday. The company has a market cap of $13.84 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. Toll Brothers Inc. has a 52 week low of $123.14 and a 52 week high of $168.36. The business has a 50 day moving average price of $151.69 and a 200-day moving average price of $146.40. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the company earned $3.50 earnings per share. Equities analysts anticipate that Toll Brothers Inc. will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is presently 7.87%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Argus set a $170.00 target price on Toll Brothers in a report on Tuesday, June 2nd. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a report on Thursday, May 21st. Citigroup raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and raised their price objective for the company from $146.00 to $176.00 in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.88.

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.