Rakuten Securities Inc. Increases Position in Toll Brothers Inc. $TOL

Rakuten Securities Inc. increased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 6,073.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,667 shares of the construction company’s stock after purchasing an additional 6,559 shares during the period. Rakuten Securities Inc.’s holdings in Toll Brothers were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Hilton Head Capital Partners LLC raised its holdings 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 valued at $26,000 after acquiring an additional 74 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Pinnacle Holdings LLC bought a new position in shares of Toll Brothers in the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers during the third quarter worth about $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Toll Brothers during the 2nd quarter valued at approximately $35,000. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

TOL has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a report on Thursday, June 11th. Truist Financial increased their price objective on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Evercore reissued an “outperform” rating and issued a $191.00 target price on shares of Toll Brothers in a report on Thursday. Finally, Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $166.25.

Insider Transactions at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the 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 sale, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This represents a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by company insiders.

Toll Brothers Stock Up 1.3%

Shares of TOL opened at $147.03 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.59. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.35. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The business’s 50 day simple moving average is $151.97 and its 200-day simple moving average is $146.43.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.73 earnings per share. As a group, equities analysts expect that Toll Brothers Inc. will post 12.82 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Toll Brothers’s dividend payout ratio is currently 8.35%.

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.