MGO One Seven LLC Buys 16,347 Shares of Toll Brothers Inc. $TOL

MGO One Seven LLC raised its stake in Toll Brothers Inc. (NYSE:TOL) by 620.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,981 shares of the construction company’s stock after purchasing an additional 16,347 shares during the period. MGO One Seven LLC’s holdings in Toll Brothers were worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised 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 worth $37,000 after acquiring an additional 182 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Toll Brothers in the second quarter worth $64,000. Global Retirement Partners LLC increased its position in shares of Toll Brothers by 1,112.8% during the third quarter. Global Retirement Partners LLC now owns 570 shares of the construction company’s stock worth $79,000 after purchasing an additional 523 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Toll Brothers by 201.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 875 shares of the construction company’s stock valued at $100,000 after purchasing an additional 585 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of Toll Brothers by 1,882.2% in the 2nd quarter. True Wealth Design LLC now owns 892 shares of the construction company’s stock worth $102,000 after purchasing an additional 847 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TOL shares. The Goldman Sachs Group upped their target price on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Tuesday. BTIG Research began coverage on shares of Toll Brothers in a report on Monday, December 1st. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods lowered their price objective on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research note on Thursday, December 11th. Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Finally, Royal Bank Of Canada reduced their target price on Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.07.

Toll Brothers Trading Up 1.3%

Shares of Toll Brothers stock opened at $148.82 on Wednesday. The stock has a market cap of $14.14 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43. The firm has a fifty day moving average price of $136.80 and a 200 day moving average price of $133.43. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $149.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the business posted $4.63 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

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

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.