Mariner Investment Group LLC Makes New Investment in Toll Brothers Inc. $TOL

Mariner Investment Group LLC acquired a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the second quarter, HoldingsChannel reports. The firm acquired 10,000 shares of the construction company’s stock, valued at approximately $1,648,000.

Several other large investors also recently made changes to their positions in the stock. Hilton Head Capital Partners LLC grew its stake in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after buying an additional 74 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in Toll Brothers during the third quarter worth $27,000. Pinnacle Holdings LLC bought a new stake in Toll Brothers during the fourth quarter worth $27,000. Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the third quarter worth $29,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in Toll Brothers in the third quarter valued at $37,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $149.09 on Friday. The firm has a market capitalization of $13.94 billion, a PE ratio of 11.28, a PEG ratio of 1.23 and a beta of 1.35. The company’s 50-day moving average is $151.48 and its 200-day moving average is $146.38. Toll Brothers Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 EPS. Equities analysts forecast that Toll Brothers Inc. will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the company from $158.00 to $161.00 in a report on Tuesday, June 9th. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Finally, UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a research 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.88.

Insider Buying and Selling

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the stock in a transaction that occurred 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 owned 321,256 shares in the company, valued at approximately $50,302,264.48. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers 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 approximately $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

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.