MGO One Seven LLC Sells 7,698 Shares of Toll Brothers Inc. $TOL

MGO One Seven LLC trimmed its stake in Toll Brothers Inc. (NYSE:TOL) by 70.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,241 shares of the construction company’s stock after selling 7,698 shares during the period. MGO One Seven LLC’s holdings in Toll Brothers were worth $534,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TOL. Western Wealth Management LLC lifted its holdings in Toll Brothers by 2.6% during the 4th 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 increased its stake in shares of Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares during the period. Merit Financial Group LLC increased its stake in shares of Toll Brothers by 0.4% in the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after buying an additional 72 shares during the period. IFP Advisors Inc increased its stake in shares of Toll Brothers by 2.4% in the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after buying an additional 74 shares during the period. Finally, Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Performance

TOL stock opened at $148.09 on Friday. The firm has a market cap of $13.84 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.35. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $151.69 and a 200-day moving average price of $146.40. Toll Brothers Inc. has a 1-year low of $123.14 and a 1-year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Toll Brothers Inc. will post 12.69 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is 7.87%.

Analyst Ratings Changes

A number of research firms recently commented on TOL. Oppenheimer lowered Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Truist Financial lowered their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Piper Sandler downgraded shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Finally, UBS Group raised shares of Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $164.88.

Insider Activity at Toll Brothers

In other news, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The shares were 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 of the company’s stock, valued at $50,302,264.48. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by insiders.

Toll Brothers Company 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.