MGO One Seven LLC Raises Stock Holdings in Toll Brothers Inc. $TOL

MGO One Seven LLC grew its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,634 shares of the construction company’s stock after purchasing an additional 424 shares during the quarter. MGO One Seven LLC’s holdings in Toll Brothers were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brooklyn Investment Group grew its stake in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC grew its stake in shares of Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after acquiring an additional 249 shares during the period. Finally, Operose Advisors LLC bought a new position in shares of Toll Brothers during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Keefe, Bruyette & Woods upped their price target on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Evercore ISI restated an “in-line” rating and issued a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Bank of America dropped their price target on Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Royal Bank Of Canada upped their price target on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.43.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares of the company’s stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director owned 118,753 shares of the company’s stock, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,643 shares of company stock worth $5,305,630. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

TOL stock opened at $135.75 on Monday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $137.06 and its two-hundred day simple moving average is $118.71. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.61 and a beta of 1.40.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.60 earnings per share. Analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is presently 7.35%.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.