SG Americas Securities LLC Acquires 56,224 Shares of Toll Brothers Inc. $TOL

SG Americas Securities LLC lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOLFree Report) by 505.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,348 shares of the construction company’s stock after buying an additional 56,224 shares during the period. SG Americas Securities LLC owned about 0.07% of Toll Brothers worth $9,303,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. HB Wealth Management LLC raised its stake in Toll Brothers by 19.6% during the third quarter. HB Wealth Management LLC now owns 3,066 shares of the construction company’s stock worth $424,000 after acquiring an additional 503 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of Toll Brothers by 129.3% in the 3rd quarter. Moran Wealth Management LLC now owns 74,091 shares of the construction company’s stock valued at $10,235,000 after purchasing an additional 41,779 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Toll Brothers by 8.2% during the third quarter. Park Avenue Securities LLC now owns 2,459 shares of the construction company’s stock worth $340,000 after buying an additional 186 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Toll Brothers by 16.6% during the third quarter. Cerity Partners LLC now owns 90,673 shares of the construction company’s stock worth $12,526,000 after buying an additional 12,898 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Toll Brothers by 0.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 268,001 shares of the construction company’s stock worth $37,022,000 after buying an additional 1,230 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Up 7.3%

Shares of TOL opened at $145.41 on Friday. The stock’s 50-day moving average price is $136.22 and its two-hundred day moving average price is $132.67. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $149.79. The company has a market capitalization of $13.81 billion, a PE ratio of 10.72, a PEG ratio of 1.13 and a beta of 1.43. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 EPS. On average, analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

Toll Brothers News Summary

Here are the key news stories impacting Toll Brothers this week:

Analyst Upgrades and Downgrades

TOL has been the topic of several recent research reports. Royal Bank Of Canada cut their price objective on Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. UBS Group lowered their target price on Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Evercore ISI reissued an “in-line” rating and set a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. BTIG Research initiated coverage on Toll Brothers in a report on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Zacks Research downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.00.

Get Our Latest Research Report on Toll Brothers

About Toll Brothers

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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