OMC Financial Services LTD Purchases Shares of 18,878 Toll Brothers Inc. $TOL

OMC Financial Services LTD acquired a new stake in Toll Brothers Inc. (NYSE:TOL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,878 shares of the construction company’s stock, valued at approximately $3,110,000. Toll Brothers makes up approximately 1.0% of OMC Financial Services LTD’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC boosted its position in shares of Toll Brothers by 2.6% during the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after acquiring an additional 68 shares in the last quarter. Root Financial Partners LLC raised its position in Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares in the last quarter. Merit Financial Group LLC lifted its stake in Toll Brothers by 0.4% during the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after purchasing an additional 72 shares during the period. IFP Advisors Inc lifted its stake in Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after purchasing an additional 74 shares during the period. Finally, Hilton Head Capital Partners LLC lifted its stake in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Activity

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the completion of the sale, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock opened at $148.09 on Monday. The stock’s fifty day moving average is $151.69 and its 200-day moving average is $146.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The stock has a market capitalization of $13.84 billion, a PE ratio of 11.20, a PEG 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.

Toll Brothers (NYSE:TOL) last announced 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. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the company posted $3.50 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities research analysts expect that Toll Brothers Inc. will post 12.69 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TOL. Piper Sandler lowered Toll Brothers from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 9th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and upped their price target for the company from $158.00 to $161.00 in a research report on Tuesday, June 9th. Truist Financial dropped 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. Finally, UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note 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 given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $164.88.

About Toll Brothers

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.