SG Americas Securities LLC Acquires 36,546 Shares of Toll Brothers Inc. $TOL

SG Americas Securities LLC raised its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 19.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 227,044 shares of the construction company’s stock after acquiring an additional 36,546 shares during the period. SG Americas Securities LLC’s holdings in Toll Brothers were worth $30,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Western Wealth Management LLC increased its holdings in shares of Toll Brothers by 2.6% in the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after buying an additional 68 shares during the period. Root Financial Partners LLC boosted its holdings in Toll Brothers by 21.9% during the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the period. Merit Financial Group LLC boosted its holdings in Toll Brothers by 0.4% during the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after acquiring an additional 72 shares during the period. IFP Advisors Inc grew its position in Toll Brothers by 2.4% during the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after acquiring an additional 74 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in Toll Brothers by 0.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock worth $3,633,000 after acquiring an additional 81 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Down 0.5%

TOL opened at $151.09 on Wednesday. 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 Inc. has a 52 week low of $110.64 and a 52 week high of $168.36. The stock has a market cap of $14.12 billion, a PE ratio of 11.43, a PEG ratio of 1.26 and a beta of 1.36. The business has a 50 day moving average of $141.09 and a 200-day moving average of $143.15.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $3.50 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Equities research analysts predict that Toll Brothers Inc. will post 12.68 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.87%.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent research reports. Truist Financial lowered their price objective on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Barclays cut their target price on shares of Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $158.00 to $161.00 in a research note on Tuesday, June 9th. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Finally, Argus set a $170.00 price target on shares of Toll Brothers in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $163.56.

Insider Buying and Selling

In related news, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Insiders have sold 86,457 shares of company stock valued at $13,468,657 over the last quarter. Corporate insiders own 1.37% of the company’s stock.

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.